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1. Parties: Identification of the Assignor (original purchaser), Assignee (new purchaser), and Original Vendor
2. Background: Details of the original Purchase and Sale Agreement, including property description, original date, and reason for assignment
3. Definitions: Key terms used throughout the agreement including 'Original Agreement', 'Property', 'Settlement Date', 'Assignment Date', etc.
4. Assignment: Core clause transferring all rights, title and interest in the Purchase Agreement from Assignor to Assignee
5. Consideration: Details of the assignment price and payment terms between Assignor and Assignee
6. Assignee Covenants: Assignee's promises to perform all obligations under the Original Agreement and indemnification of Assignor
7. Vendor Consent: Acknowledgment and consent from the Original Vendor to the assignment
8. Settlement and Completion: Procedures for completing the assignment and subsequent property purchase
9. Costs and Stamp Duty: Allocation of legal costs, registration fees, and any applicable duties
10. General Provisions: Standard contract clauses including governing law, notices, and execution requirements
1. Deposit Assignment: Required if there is an existing deposit paid by the Assignor that needs to be transferred or addressed
2. Real Estate Agent Provisions: Include when real estate agents are involved and commission arrangements need to be addressed
3. Overseas Investment Provisions: Required when the Assignee is an overseas person under the Overseas Investment Act
4. Guarantees: Include when there are personal or corporate guarantees for the Assignee's obligations
5. Sunset Clause: Include when the assignment needs to be completed by a specific date or becomes void
6. Conditions Precedent: Required when the assignment is subject to specific conditions being met before becoming effective
1. Schedule 1 - Original Agreement: Copy of the original Purchase and Sale Agreement being assigned
2. Schedule 2 - Property Details: Full legal description of the property, including title references and encumbrances
3. Schedule 3 - Assignment Consideration: Detailed breakdown of the assignment price and payment structure
4. Schedule 4 - Vendor Consent Form: Formal consent document to be signed by the Original Vendor
5. Appendix A - Due Diligence Results: Summary of any due diligence conducted by Assignee (if applicable)
6. Appendix B - Special Conditions: Any special conditions or variations to standard assignment terms
Assignment
Assignment Date
Assignor
Assignee
Chattels
Completion
Conditions
Consideration
Deposit
Encumbrances
Land
Original Agreement
Original Purchase Price
Original Vendor
Parties
Property
Purchase Price
Registration
Settlement Date
Settlement
Title
Transfer
Vendor's Solicitor
Assignor's Solicitor
Assignee's Solicitor
Working Day
Default
Due Date
GST
Land Transfer Office
LINZ
Permitted Encumbrances
Purchase Rights
Settlement Statement
Stakeholder
Territorial Authority
Title Transfer
Assignment of Rights
Consideration and Payment
Vendor Consent
Conditions Precedent
Representations and Warranties
Assignor Obligations
Assignee Obligations
Deposit Arrangements
Settlement and Completion
Title and Property Matters
Risk and Insurance
Default and Remedies
Costs and Duties
GST
Notices
Confidentiality
Further Assurance
Severability
Governing Law
Entire Agreement
Variation
Waiver
Assignment and Transfer
Time of Essence
Counterparts
Electronic Execution
Survival of Obligations
Dispute Resolution
Force Majeure
Real Estate
Property Development
Construction
Legal Services
Banking and Finance
Property Investment
Property Management
Legal
Real Estate
Property Development
Compliance
Investment
Operations
Finance
Risk Management
Commercial
Property Lawyer
Conveyancing Lawyer
Real Estate Agent
Property Developer
Investment Manager
Property Investment Advisor
Legal Counsel
Contract Manager
Property Manager
Settlement Officer
Compliance Officer
Real Estate Transaction Coordinator
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