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Partnership Sale Agreement
"I need a Partnership Sale Agreement for the sale of my 35% stake in a Singapore dental practice to my existing partner, with completion planned for March 2025 and including non-compete provisions for the local area."
1. Parties: Identification of selling and purchasing partners, including full legal names and addresses
2. Background: Context of the partnership sale, including business description and reason for sale
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transaction including partnership interest being sold
5. Purchase Price: Amount and payment terms
6. Completion: Timing and mechanics of the sale completion
7. Warranties and Representations: Standard warranties about the partnership interest being sold
8. Governing Law: Specification of Singapore law as governing law
1. Due Diligence: Detailed investigation of partnership assets, typically used for larger transactions or complex partnerships
2. Employee Matters: Treatment of existing employees, included when partnership has employees
3. Intellectual Property: Transfer of IP rights, included when partnership owns significant intellectual property
4. Non-Compete: Restrictions on selling partner's future activities, used when protecting business goodwill is crucial
1. Asset Schedule: Detailed list of partnership assets being transferred
2. Financial Statements: Recent partnership financial statements
3. Client Lists: List of partnership clients and contracts
4. Property Details: Details of any real property owned by partnership
5. Employee Information: List of employees and their terms of employment
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