Liability Transfer Agreement Template for Hong Kong

1. Third Party Consents: Required when the original liability involves obligations to third parties whose consent is needed for the transfer

2. Regulatory Approvals: Needed when the transfer requires regulatory oversight or approval

3. Security Arrangements: Used when additional security or guarantees are provided for the transferred liability

4. Transitional Provisions: Required when the transfer needs to be implemented in phases or requires operational transition

5. Tax Provisions: Included when there are specific tax implications that need to be addressed

6. Confidentiality: Optional section when the transfer involves sensitive information not already covered by existing confidentiality agreements

1. Schedule 1 - Details of Liability: Detailed description of the liability being transferred, including quantum, timing, and any conditions

2. Schedule 2 - Original Agreements: List and/or copies of the original agreements giving rise to the liability

3. Schedule 3 - Required Consents: List of third-party consents required and their status

4. Schedule 4 - Security Documents: Details of any security arrangements or guarantees

5. Appendix A - Form of Notice: Template for notifying relevant third parties of the transfer

6. Appendix B - Completion Documents: List of documents required to be delivered at completion