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1. Parties: Identifies and provides full details of the seller and purchaser, including registration/identification numbers and addresses
2. Background: Sets out the context of the transaction, including brief description of the subject matter and parties' intention to enter into the agreement
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and consistent interpretation
4. Sale and Purchase: Core provision stating the seller's agreement to sell and the purchaser's agreement to buy the subject matter
5. Purchase Price: Specifies the purchase price, payment terms, and payment method
6. Completion: Details the completion date, location, and process for closing the transaction
7. Seller's Representations and Warranties: Lists the seller's representations and warranties regarding the subject matter of sale
8. Purchaser's Representations and Warranties: Lists the purchaser's representations and warranties
9. Pre-completion Obligations: Specifies obligations of both parties between signing and completion
10. Title and Risk: Addresses when title and risk in the subject matter passes from seller to purchaser
11. Default and Termination: Specifies events of default and consequences, including termination rights
12. Confidentiality: Obligations regarding confidential information disclosed during the transaction
13. Notices: Specifies how formal notices under the agreement must be given
14. General Provisions: Standard boilerplate clauses including governing law, entire agreement, and amendments
15. Execution: Signature blocks and execution formalities
1. Conditions Precedent: Used when completion is subject to certain conditions being satisfied, such as regulatory approvals or third-party consents
2. Due Diligence: Include when the purchaser has the right to conduct investigations before completion
3. Adjustment of Purchase Price: Used when the final purchase price may be adjusted based on certain factors like inventory levels or working capital
4. Tax Provisions: Detailed tax-related provisions when significant tax implications exist
5. Employee Matters: Required when the sale involves transfer of employees
6. Intellectual Property: Include when the sale involves transfer of intellectual property rights
7. Post-completion Covenants: Used when parties have ongoing obligations after completion
8. Non-competition: Include when the seller agrees not to compete with the business being sold
9. Broker's Commission: Include when brokers or agents are involved in the transaction
1. Asset Schedule: Detailed list and description of assets being sold
2. Excluded Assets: List of assets specifically excluded from the sale
3. Purchase Price Allocation: Breakdown of how the purchase price is allocated among different assets
4. Form of Transfer Documents: Templates of documents required for transferring title
5. Encumbrances: List of existing encumbrances affecting the subject matter
6. Required Consents: List of third-party consents required for the transaction
7. Disclosure Schedule: Seller's disclosures against warranties
8. Property Details: Detailed description of any real property included in the sale
9. Completion Checklist: List of documents and actions required at completion
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Energy
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Legal
Finance
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Compliance
Risk Management
Business Development
Operations
Corporate Secretarial
Mergers & Acquisitions
Property Management
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Chief Executive Officer
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General Counsel
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