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Assets Separation Agreement
"Need an Assets Separation Agreement to formally divide property and financial assets between myself and my business partner, including our joint venture in Singapore and Malaysia, with completion targeted for March 2025."
1. Parties: Identification and details of parties involved in the separation
2. Background: Context of the separation and reason for the agreement
3. Definitions: Key terms used throughout the agreement
4. Division of Assets: Detailed breakdown of how assets will be divided
5. Implementation: Process and timeline for implementing the division
6. Mutual Release: Parties' release of claims against each other
7. Governing Law: Specification of Singapore law as governing law
1. Tax Considerations: Special provisions for handling tax implications of the asset division
2. Foreign Assets: Special provisions for handling overseas assets and compliance with foreign jurisdictions
3. Business Interests: Provisions for division of business assets, shares, and ongoing business arrangements
4. Trust Arrangements: Specific provisions for handling trust assets and trustee obligations
1. Schedule 1: Asset Inventory: Complete list of assets subject to division including descriptions and estimated values
2. Schedule 2: Valuation Reports: Professional valuations of significant assets including properties and business interests
3. Schedule 3: Implementation Timeline: Detailed timeline for asset transfers and implementation steps
4. Appendix A: Property Documents: Copies of relevant property ownership documents and titles
5. Appendix B: Bank Account Details: List of relevant bank accounts and arrangements for division
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