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Business Purchase And Sale Agreement
"I need a Business Purchase And Sale Agreement for acquiring a small manufacturing business in Singapore with 25 employees, including transfer of machinery and property lease, targeted for completion in March 2025."
1. Parties: Identification and details of the buyer and seller
2. Background: Context of the transaction and brief description of the business being sold
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including purchase price and payment terms
5. Completion: Details of closing process and requirements
6. Warranties and Representations: Seller's assurances about the business
7. Indemnities: Protection against specific identified risks
8. Confidentiality: Terms regarding confidential information and its protection
9. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction details
1. Employee Matters: Terms regarding transfer of employees and associated obligations under Employment Act
2. Property Transfer: Terms regarding transfer of real estate and compliance with property laws
3. Intellectual Property: Terms regarding transfer of IP rights and associated warranties
4. Competition Compliance: Provisions ensuring compliance with Competition Act requirements
5. Data Protection: Terms ensuring PDPA compliance in data transfer
1. Schedule 1: Business Assets: Detailed list and description of all assets included in the sale
2. Schedule 2: Properties: Details of any real estate included in the sale
3. Schedule 3: Intellectual Property: List of IP rights being transferred including patents, trademarks, and copyrights
4. Schedule 4: Employees: List of transferring employees and their employment terms
5. Schedule 5: Material Contracts: Key contracts being transferred as part of the business
6. Schedule 6: Warranties: Detailed warranties given by the seller regarding the business
7. Schedule 7: Completion Requirements: Detailed closing checklist and requirements for completion
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