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Sale Of Sole Proprietorship Business Agreement
"I need a Sale Of Sole Proprietorship Business Agreement for transferring my F&B business in Singapore to a buyer, including all kitchen equipment and recipes, with specific provisions for retaining three key staff members and a six-month transition period where I'll provide consultancy services to the new owner."
1. Parties: Identification of seller and purchaser with full details
2. Background: Business description, reason for sale, and context
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including purchase price and payment terms
5. Assets Included: Detailed list of assets being transferred
6. Completion: Completion date and mechanics
7. Seller's Warranties: Standard warranties about the business
8. Restrictive Covenants: Non-compete and non-solicitation provisions
1. Employee Matters: Provisions covering transfer of employees, employment terms, and related obligations
2. Property Assignment: Provisions dealing with transfer of property rights and related obligations
3. Intellectual Property: Provisions covering transfer of IP rights and related protections
4. Ongoing Support: Terms covering transition services and post-completion support by seller
1. Asset Register: Detailed list of all physical assets included in sale
2. Financial Statements: Recent financial statements of the business
3. Employee List: List of employees and their terms of employment
4. Contracts List: Schedule of business contracts being transferred
5. Property Details: Details of any property included in sale
6. Completion Checklist: List of actions required for completion
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