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Assignment Of Purchase Contract
"I need an Assignment Of Purchase Contract to transfer my rights under a commercial property purchase agreement in Singapore to my subsidiary company, with completion scheduled for March 15, 2025, and consideration of SGD 2.5 million."
1. Parties: Identifies assignor, assignee, and original contract parties
2. Background: Details of original purchase contract and reason for assignment
3. Definitions: Key terms used throughout the assignment agreement
4. Assignment: Core provisions detailing the transfer of rights and obligations
5. Consideration: Details of payment or value exchange for the assignment
6. Effective Date: When the assignment takes effect
7. Warranties: Assignor's warranties regarding the purchase contract and its rights to assign
1. Consent Provisions: Required if original contract requires consent for assignment
2. Security Provisions: Details of any security arrangements for secured obligations
3. Tax Provisions: Allocation of tax responsibilities and obligations
1. Original Purchase Contract: Copy of the contract being assigned
2. Consent Documents: Written consents from relevant parties where required
3. Payment Schedule: Schedule of installment payments if assignment consideration is paid in installments
4. Property Details: Detailed description of property if assignment involves real property
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