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Assignment Of Purchase And Sale Agreement
"I need an Assignment Of Purchase And Sale Agreement to transfer my rights as purchaser of a commercial property in Singapore to my subsidiary company, with completion planned for March 2025 and including specific warranties about existing tenancies."
1. Parties: Identifies all parties to the assignment including assignor, assignee, and other relevant parties
2. Background: Sets out the context of the original purchase agreement and reasons for assignment
3. Definitions: Defines key terms used throughout the agreement including the Original Purchase Agreement, Property, Assignment Date, etc.
4. Assignment: Core provisions detailing the assignment of rights and obligations under the Original Purchase Agreement
5. Consideration: Details of payment or other consideration for the assignment
6. Representations and Warranties: Statements of fact and assurances from parties regarding their capacity, authority, and the status of the Original Purchase Agreement
7. Governing Law: Specifies Singapore law as governing law and jurisdiction
1. Conditions Precedent: Required if assignment is subject to specific conditions being met before becoming effective
2. Tax Provisions: Addresses stamp duty, GST, and other tax implications and responsibilities between parties
3. Regulatory Compliance: Specific provisions addressing compliance with relevant Singapore regulations and obtaining necessary approvals
4. Notice Requirements: Procedures for serving notices to relevant parties including the original seller
1. Schedule 1 - Original Purchase Agreement: Copy of the purchase and sale agreement being assigned
2. Schedule 2 - Property Details: Detailed description of the property or asset subject to the assignment
3. Schedule 3 - Payment Schedule: Details of any installment payments or conditional payments
4. Schedule 4 - Required Consents: Forms and copies of third-party consents required for the assignment
5. Schedule 5 - Outstanding Obligations: List of any remaining obligations under the Original Purchase Agreement
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