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Business Transfer Letter
"I need a Business Transfer Letter for the sale of my Singapore-based retail clothing business to a larger fashion group, including transfer of 15 employees and our retail premises, with completion planned for March 2025."
1. Transfer Details: Specific details of the business being transferred, including business name, registration number, and location
2. Effective Date: Clear statement of when the transfer will take effect
3. Assets Included: List of assets being transferred as part of the business
4. Purchase Price: Statement of the agreed purchase price and payment terms
5. Employee Information: Details about the transfer of employees and their terms
1. Intellectual Property: Details of IP transfer, applicable when the business owns significant IP assets
2. Regulatory Approvals: List of required regulatory approvals, applicable for regulated industries
3. Ongoing Obligations: Any continuing obligations between parties, applicable when there are transition arrangements
1. Asset Schedule: Detailed list of all assets being transferred
2. Employee Schedule: List of transferring employees and their terms
3. Contracts Schedule: List of contracts being transferred
4. Financial Schedule: Recent financial statements and adjustments
Authors
Effective Date
Transfer Date
Assets
Excluded Assets
Liabilities
Excluded Liabilities
Purchase Price
Completion
Business Contracts
Employees
Transferring Employees
Intellectual Property Rights
Business Records
Premises
Working Capital
Inventory
Equipment
Customer Database
Trade Secrets
Goodwill
Material Adverse Change
Encumbrances
Business Day
Confidential Information
Relevant Territory
Governmental Authority
Tax
GST
Related Corporations
Warranties
Working Capital Adjustment
Net Asset Value
Completion Accounts
Bank Accounts
Business Licenses
Purchase Price
Payment Terms
Asset Transfer
Employee Transfer
Liabilities
Warranties
Representations
Confidentiality
Intellectual Property
Data Protection
Tax Matters
Business Contracts
Third Party Consents
Regulatory Compliance
Handover Arrangements
Transitional Services
Non-Competition
Non-Solicitation
Further Assurance
Governing Law
Dispute Resolution
Force Majeure
Severability
Assignment
Notices
Entire Agreement
Amendments
Counterparts
Costs and Expenses
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