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Business Transfer Letter
"I need a Business Transfer Letter for the sale of my Singapore-based retail clothing business to a larger fashion group, including transfer of 15 employees and our retail premises, with completion planned for March 2025."
1. Transfer Details: Specific details of the business being transferred, including business name, registration number, and location
2. Effective Date: Clear statement of when the transfer will take effect
3. Assets Included: List of assets being transferred as part of the business
4. Purchase Price: Statement of the agreed purchase price and payment terms
5. Employee Information: Details about the transfer of employees and their terms
1. Intellectual Property: Details of IP transfer, applicable when the business owns significant IP assets
2. Regulatory Approvals: List of required regulatory approvals, applicable for regulated industries
3. Ongoing Obligations: Any continuing obligations between parties, applicable when there are transition arrangements
1. Asset Schedule: Detailed list of all assets being transferred
2. Employee Schedule: List of transferring employees and their terms
3. Contracts Schedule: List of contracts being transferred
4. Financial Schedule: Recent financial statements and adjustments
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