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1. Parties: Identification of the Seller, Purchaser, and the Partnership entity
2. Background: Recitals explaining the Partnership's nature, Seller's current interest, and intention to sell
3. Definitions: Key terms used throughout the agreement including Partnership Interest, Completion Date, Purchase Price
4. Sale and Purchase: Core provision detailing the transfer of partnership interest and consideration
5. Purchase Price: Amount, 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, authority to sell, and status of the partnership interest
8. Purchaser's Warranties: Warranties regarding authority to purchase and financial capacity
9. Partnership Consent: Confirmation of other partners' consent to the transfer as required by Partnership Act
10. Tax Matters: Handling of tax liabilities and obligations related to the transfer
11. Confidentiality: Obligations to keep the transaction and partnership information confidential
12. Notices: Process for formal communications between parties
13. Governing Law: Specification of Malaysian law as governing law and jurisdiction
14. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability
1. Non-Compete Provisions: Restrictions on Seller's future business activities - include when protecting partnership's business interests
2. Ongoing Liabilities: Treatment of existing liabilities - include when there are significant partnership obligations
3. Employee Matters: Handling of employment relationships - include when Seller is active in management
4. Intellectual Property: Treatment of IP rights - include when partnership owns significant IP
5. Due Diligence: Pre-completion investigation rights - include for complex or high-value transactions
6. Post-Completion Obligations: Ongoing duties after transfer - include when there are continuing obligations
7. Earn-out Provisions: Additional future payments based on performance - include when part of purchase price is contingent
8. Third Party Consents: Requirements for external approvals - include when third party agreements are material
1. Partnership Interest Details: Detailed description of the partnership interest being transferred
2. Purchase Price Calculation: Breakdown of how the purchase price was determined
3. Partnership Agreement: Copy of the existing partnership agreement
4. Assets Schedule: List of partnership assets affected by the transfer
5. Completion Checklist: List of documents and actions required for completion
6. Outstanding Liabilities: List of current partnership liabilities and obligations
7. Required Consents: List of required partner and third-party consents
8. Transfer Instruments: Forms and documents required to effect the transfer
Business
Business Day
Completion
Completion Date
Confidential Information
Consideration
Encumbrance
Existing Partners
Financial Statements
Identity Card
Liabilities
Material Adverse Change
Partnership
Partnership Agreement
Partnership Assets
Partnership Interest
Purchase Price
Purchaser
Relevant Authority
Ringgit Malaysia
Seller
Stamp Duty
Tax
Transfer Documents
Warranties
Sale and Purchase
Purchase Price
Payment Terms
Conditions Precedent
Completion
Partner Consent
Seller Warranties
Purchaser Warranties
Partnership Representations
Due Diligence
Confidentiality
Non-Competition
Tax Matters
Stamp Duty
Indemnification
Assignment
Force Majeure
Notices
Further Assurance
Severability
Waiver
Entire Agreement
Amendment
Costs
Governing Law
Dispute Resolution
Professional Services
Manufacturing
Retail
Construction
Real Estate
Technology
Healthcare
Hospitality
Agriculture
Trading
Consulting
Financial Services
Legal
Finance
Corporate Secretarial
Compliance
Tax
Business Development
Senior Management
Operations
Managing Partner
Business Owner
Legal Counsel
Corporate Lawyer
Chief Financial Officer
Finance Director
Business Development Manager
Partnership Manager
Compliance Officer
Tax Advisor
Company Secretary
Managing Director
CEO
Business Manager
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