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1. Parties: Identifies and provides full details of the seller and buyer, including legal names, ABNs/ACNs, and registered addresses
2. Background: Sets out the context of the sale, including brief description of the assets and the parties' intention to enter into the transaction
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Sale and Purchase: Core provision stating the seller's agreement to sell and the buyer's agreement to purchase the assets
5. Purchase Price: Specifies the agreed purchase price and payment terms, including any deposit requirements
6. Completion: Details the completion date, location, and requirements for closing the transaction
7. Title and Risk: Specifies when title and risk in the assets pass from seller to buyer
8. Seller's Warranties: Standard warranties regarding ownership, condition, and encumbrances of the assets
9. Tax Matters: Addresses GST and other tax implications of the sale
10. Notices: Specifies how formal notices under the agreement must be given
11. General Provisions: Standard boilerplate clauses including governing law, entire agreement, and amendment provisions
12. Execution: Formal signing section with execution blocks for all parties
1. Conditions Precedent: Used when completion is subject to certain conditions being satisfied, such as regulatory approvals or third-party consents
2. Security Interests: Required when there are existing security interests to be discharged or new security interests to be created
3. Intellectual Property: Needed when the assets include intellectual property rights requiring specific transfer provisions
4. Employee Matters: Relevant when the asset sale involves transfer of employees or employment-related liabilities
5. Third Party Consents: Required when transfer of certain assets requires consent from third parties
6. Post-Completion Obligations: Used when parties have ongoing obligations after completion, such as transitional arrangements
7. Non-Competition: Included when the seller agrees to restrictions on competing activities
8. Confidentiality: Required when parties need to maintain confidentiality about the transaction or sensitive information
9. Asset Maintenance: Used when there's a gap between signing and completion requiring the seller to maintain assets
10. Environmental Matters: Needed when the assets include land or operations with environmental considerations
1. Asset Schedule: Detailed description and inventory of all assets being sold, including identification numbers, locations, and specifications
2. Purchase Price Calculation: Breakdown of the purchase price allocation across different asset categories
3. Encumbrances: List of all existing encumbrances, liens, or security interests affecting the assets
4. Form of Transfer Documents: Pro forma transfer documents required for specific assets
5. Completion Checklist: List of all documents and actions required at completion
6. Excluded Assets: Clear identification of any assets that are specifically excluded from the sale
7. Third Party Contracts: List of contracts related to the assets that require assignment or novation
8. Condition Reports: Current condition assessments or inspection reports for key assets
9. Required Consents: List of all third-party consents required for the transfer
10. Title Documents: Copies of relevant title documents and registration certificates
Assets
Business Day
Completion
Completion Date
Deposit
Encumbrance
Excluded Assets
GST
GST Act
GST Law
Liability
Loss
Notice
Payment Date
PPSA
PPSR
Purchase Price
Related Body Corporate
Representatives
Security Interest
Seller's Bank Account
Tax
Tax Invoice
Title Documents
Transfer Documents
Warranties
Working Hours
Material Adverse Change
Permitted Encumbrance
Purchase Price Adjustment
Transfer Time
Asset Register
Authorisation
Claim
Confidential Information
Corporations Act
Default Event
Effective Date
Force Majeure Event
Insolvency Event
Intellectual Property Rights
Law
Payment Terms
Records
Third Party Consent
Purchase Price
Payment Terms
Title and Risk
Warranties
Encumbrances
Security Interests
Completion
Conditions Precedent
GST and Taxation
Asset Description
Delivery and Collection
Insurance
Registration
Assignment
Maintenance and Preservation
Default and Termination
Remedies
Representations
Indemnification
Confidentiality
Notices
Force Majeure
Governing Law
Jurisdiction
Entire Agreement
Severability
Waiver
Amendment
Further Assurance
Time of Essence
Costs and Stamp Duty
Third Party Rights
Counterparts
Electronic Execution
Asset Maintenance
Dispute Resolution
Compliance with Laws
Records and Inspection
Risk Management
Property Access
Manufacturing
Retail
Automotive
Agriculture
Mining
Construction
Transport and Logistics
Industrial Equipment
Technology Hardware
Real Estate
Healthcare
Hospitality
Education
Professional Services
Energy and Resources
Legal
Finance
Procurement
Operations
Asset Management
Risk and Compliance
Commercial
Business Development
Property Management
Corporate Secretariat
Sales
Executive Leadership
Chief Executive Officer
Chief Financial Officer
Commercial Director
Legal Counsel
Contract Manager
Procurement Manager
Asset Manager
Business Development Manager
Operations Manager
Finance Manager
Company Secretary
Risk Manager
Compliance Officer
Property Manager
Fleet Manager
Equipment Manager
Sales Director
Managing Director
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