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1. Parties: Identification of the seller and buyer with complete details including registration numbers and addresses
2. Background: Context of the sale, brief description of the business and goodwill being transferred
3. Definitions: Key terms used in the agreement including 'Goodwill', 'Business', 'Effective Date', etc.
4. Sale and Purchase of Goodwill: Core clause defining the transfer of goodwill and what it comprises
5. Consideration: Purchase price, payment terms, and method of payment
6. Completion: Details of when and how the transfer will be completed, including conditions precedent
7. Seller's Warranties: Warranties regarding ownership, right to sell, absence of encumbrances, etc.
8. Non-Compete Covenant: Seller's obligations not to compete or solicit customers post-sale
9. Confidentiality: Obligations regarding business information and trade secrets
10. Further Assurance: Commitment to execute additional documents or actions necessary
11. Governing Law and Jurisdiction: Specification of Indian law and relevant jurisdiction
12. Dispute Resolution: Process for resolving disputes including arbitration provisions
1. Employee Matters: Include when employees are being transferred or when their rights need to be addressed
2. Intellectual Property: Include when specific IP rights are part of the goodwill transfer
3. Tax Matters: Include when specific tax arrangements or indemnities need to be addressed
4. Business Names and Trading Style: Include when specific trading names or styles are being transferred
5. Transitional Services: Include when the seller will provide temporary support post-completion
6. Assignment: Include when transfer rights need to be specifically addressed
7. Force Majeure: Include when specific provisions for unforeseen circumstances are required
1. Schedule 1 - Business Description: Detailed description of the business whose goodwill is being transferred
2. Schedule 2 - Valuation Report: Independent valuation of the goodwill being transferred
3. Schedule 3 - Assets List: List of tangible and intangible assets included in the goodwill
4. Schedule 4 - Customer List: List of current customers and contact details
5. Schedule 5 - Completion Requirements: Detailed list of documents and actions required at completion
6. Appendix A - Form of Transfer Deed: Template deed for executing the transfer
7. Appendix B - Non-Compete Terms: Detailed terms of the non-compete covenant including geographical and temporal scope
Business
Business Day
Completion
Completion Date
Confidential Information
Consideration
Customer Contracts
Effective Date
Encumbrance
Goodwill
Intellectual Property Rights
Key Customers
Material Adverse Change
Non-Compete Period
Parties
Permitted Purpose
Purchase Price
Restricted Business
Restricted Territory
Seller's Business
Seller's Knowledge
Trade Secrets
Transfer
Valuation Date
Working Hours
Business Assets
Business Information
Business Name
Customer Database
Trade Names
Business Records
Excluded Assets
Liabilities
Representatives
Territory
Transaction Documents
Warranties
Sale and Purchase
Purchase Price
Payment Terms
Completion
Conditions Precedent
Seller's Warranties
Buyer's Warranties
Non-Competition
Non-Solicitation
Confidentiality
Further Assurance
Assignment
Notices
Transfer of Business Assets
Customer Relationships
Intellectual Property Rights
Post-Completion Obligations
Restrictive Covenants
Indemnification
Force Majeure
Severability
Entire Agreement
Amendments
Governing Law
Dispute Resolution
Costs and Expenses
Third Party Rights
Counterparts
Waiver
Announcements
Tax Matters
Transitional Arrangements
Retail
Professional Services
Manufacturing
Healthcare
Hospitality
Technology
Education
Financial Services
Consulting
Food and Beverage
Real Estate
Legal
Finance
Corporate Development
Mergers & Acquisitions
Business Development
Commercial Operations
Strategic Planning
Compliance
Risk Management
CEO
Managing Director
Business Owner
Corporate Lawyer
Legal Counsel
Chief Financial Officer
Business Development Manager
Mergers & Acquisitions Director
Commercial Director
Company Secretary
Chief Legal Officer
Business Valuation Expert
Strategic Planning Manager
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