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1. Parties: Identification of the seller and purchaser, including full legal names and addresses
2. Background: Context of the sale, description of the business, and purpose of the agreement
3. Definitions: Key terms used throughout the agreement, including specific definition of goodwill components being transferred
4. Sale and Purchase of Goodwill: Core terms of the transfer, including specific description of goodwill elements being sold
5. Purchase Price: Amount agreed for the goodwill and payment terms
6. Completion: Details of when and how the transfer will be completed, including any conditions precedent
7. Seller's Warranties: Warranties regarding ownership, value, and quality of the goodwill being sold
8. Seller's Covenants: Non-compete and non-solicitation provisions to protect the goodwill value
9. Confidentiality: Provisions regarding confidential information and trade secrets
10. Tax Matters: Treatment of tax implications and responsibilities
11. General Provisions: Standard contract clauses including governing law, notices, and amendment procedures
1. Intellectual Property Assignment: Detailed provisions for transfer of specific IP rights when included in goodwill
2. Employee Matters: Provisions regarding key employees when their relationships are part of the goodwill
3. Transitional Services: Terms for temporary support services provided by seller post-completion
4. Third Party Consents: Requirements for obtaining necessary third-party approvals
5. Earn-out Provisions: Structure for additional payments based on future performance
6. Customer and Supplier Relationships: Specific provisions for handling business relationships
7. Data Protection: Additional provisions when customer data is part of transferred goodwill
1. Schedule A - Description of Goodwill: Detailed inventory of all goodwill components being transferred
2. Schedule B - Calculation of Purchase Price: Breakdown of valuation methodology and calculations
3. Schedule C - Completion Obligations: List of documents and actions required at completion
4. Schedule D - Excluded Assets: List of items specifically excluded from the sale
5. Schedule E - Key Contracts: List of important contracts related to the goodwill
6. Appendix 1 - Form of Transfer Documents: Templates for various transfer documents required
7. Appendix 2 - Tax Elections: Forms and details for tax elections if applicable
Interpretation
Sale and Purchase
Purchase Price
Payment Terms
Completion
Pre-Completion Obligations
Post-Completion Obligations
Warranties
Representations
Non-Competition
Non-Solicitation
Confidentiality
Tax Covenants
Assignment
Force Majeure
Indemnification
Intellectual Property
Third Party Rights
Notice
Dispute Resolution
Governing Law
Jurisdiction
Entire Agreement
Severability
Waiver
Amendment
Further Assurance
Costs
Counterparts
Data Protection
Business Records Transfer
Employee Matters
Customer Relationships
Supplier Relationships
Transitional Services
Professional Services
Retail
Manufacturing
Technology
Healthcare
Hospitality
Financial Services
Construction
Real Estate
Consumer Goods
Consulting
Education
Legal
Finance
Corporate Development
Tax
Compliance
Risk Management
Business Development
Mergers & Acquisitions
Executive Leadership
Commercial Operations
CEO
CFO
Business Owner
Managing Director
Corporate Lawyer
Tax Director
Business Development Manager
Mergers & Acquisitions Manager
Finance Director
Commercial Director
Business Broker
Corporate Secretary
Risk Manager
Compliance Officer
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