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1. Parties: Identification and details of the seller and purchaser, including registration numbers for companies
2. Background: Context of the transaction, including brief description of the business and purpose of the agreement
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Sale of Business: Core provision detailing the sale and purchase of the business as a going concern
5. Purchase Price: Amount, payment terms, and method of payment for the business
6. Conditions Precedent: Conditions that must be fulfilled before the agreement becomes fully effective
7. Due Diligence: Provisions regarding the buyer's right to investigate the business and related conditions
8. Assets and Liabilities: Detailed description of what is included and excluded from the sale
9. Transfer Date: Effective date of the business transfer and related provisions
10. Employees: Provisions regarding the transfer of employees under Section 197 of the Labour Relations Act
11. Warranties and Representations: Seller's warranties about the business, assets, and liabilities
12. Seller's Obligations: Obligations of the seller before and after the transfer date
13. Purchaser's Obligations: Obligations of the purchaser before and after the transfer date
14. Restraint of Trade: Restrictions on the seller's future business activities
15. Breach and Termination: Consequences of breach and termination provisions
16. Dispute Resolution: Procedures for resolving disputes between the parties
17. General Provisions: Standard clauses including notices, entire agreement, variation, and governing law
18. Signatures: Execution provisions and signature blocks
1. Intellectual Property: Detailed provisions for transfer of intellectual property rights, used when the business has significant IP assets
2. Lease Agreements: Provisions regarding the transfer or new establishment of lease agreements, needed when business premises are leased
3. Third Party Consents: Requirements for obtaining consents from third parties, included when key contracts or licenses require consent for transfer
4. Competition Commission Approval: Provisions regarding regulatory approval, required for transactions meeting certain thresholds
5. Environmental Matters: Specific provisions dealing with environmental liabilities and compliance, needed for businesses with environmental impacts
6. Earn-out Provisions: Structure for additional payments based on future performance, used when part of purchase price is contingent
7. Tax Structuring: Specific tax-related provisions, included when complex tax considerations apply
8. Post-Closing Management: Provisions for transition period management, used when there's a significant handover period
1. Asset Register: Detailed list of all tangible and intangible assets included in the sale
2. Employee Information: List of employees with their terms of employment and benefits
3. Financial Statements: Recent financial statements and management accounts of the business
4. Contracts Schedule: List of all business contracts being transferred
5. Intellectual Property Schedule: Detailed list of all IP rights including registrations and applications
6. Excluded Assets: List of assets specifically excluded from the sale
7. Assumed Liabilities: Detailed list of liabilities being assumed by the purchaser
8. Property Schedule: Details of owned or leased properties included in the sale
9. Inventory List: Current inventory included in the sale
10. Warranties Schedule: Detailed warranties given by the seller
11. Purchase Price Allocation: Breakdown of purchase price allocation for tax purposes
Retail
Manufacturing
Professional Services
Technology
Hospitality
Construction
Healthcare
Agriculture
Mining
Transportation
Real Estate
Education
Financial Services
Energy
Telecommunications
Legal
Finance
Executive Leadership
Operations
Human Resources
Risk and Compliance
Tax
Business Development
Corporate Development
Mergers and Acquisitions
Due Diligence
Integration
Commercial
Chief Executive Officer
Chief Financial Officer
Managing Director
Business Owner
Corporate Lawyer
Legal Counsel
Finance Director
Business Development Manager
Operations Manager
Commercial Director
Risk Manager
Compliance Officer
Due Diligence Specialist
Transaction Advisor
Integration Manager
Human Resources Director
Tax Manager
Company Secretary
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