A Deed Of Sale Of Water Refilling Station is a crucial legal document used in India when transferring ownership of water treatment and distribution businesses. This document is essential when selling or acquiring water refilling stations, encompassing the transfer of physical assets, operational permits, and compliance certificates. It's particularly important in the Indian context due to strict regulatory requirements under various acts including the Water (Prevention and Control of Pollution) Act, 1974, and Food Safety Standards Act, 2006. The deed must address specific requirements for water quality standards, municipal permits, and operational compliance while ensuring proper transfer of business ownership under Indian property and contract laws. It's typically used in both urban and rural settings where water refilling stations serve as essential businesses providing purified water to communities.
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1. Parties: Details of the seller and purchaser, including names, addresses, and registration information
2. Background: Context of the sale, brief history of the water refilling station, and purpose of the deed
3. Definitions: Key terms used throughout the deed including Business, Assets, Permits, Equipment etc.
4. Sale and Purchase: Core transaction terms including what is being sold and purchase price
5. Assets Transfer: Detailed description of physical assets, equipment, and infrastructure being transferred
6. Permits and Licenses: Transfer or reapplication of necessary operational permits and licenses
7. Warranties and Representations: Seller's warranties about business condition, equipment functionality, and compliance
8. Quality Standards and Compliance: Confirmation of compliance with water quality standards and regulations
9. Completion Requirements: Conditions precedent, completion process, and post-completion obligations
10. Payment Terms: Purchase price, payment schedule, and any adjustments
11. Handover Process: Physical possession transfer and operational transition procedures
12. Governing Law and Jurisdiction: Applicable law and dispute resolution mechanisms
1. Employee Transfer: Terms for transfer of existing employees - include if employees are being transferred
2. Existing Contracts: Assignment of supplier, customer, or maintenance contracts - include if contracts are being transferred
3. Intellectual Property: Transfer of trade names, logos, or proprietary processes - include if IP assets exist
4. Environmental Compliance: Specific environmental warranties and indemnities - include if environmental risks identified
5. Training and Support: Post-sale training and technical support terms - include if agreed between parties
6. Non-Compete Clause: Restrictions on seller's future business activities - include if required by purchaser
7. Lease Assignment: Transfer of premises lease - include if business operates from leased premises
1. Schedule 1 - Asset Inventory: Detailed list of all physical assets including equipment, machinery, and vehicles
2. Schedule 2 - Permits and Licenses: List of all operational permits, licenses, and certifications
3. Schedule 3 - Financial Statements: Recent financial information and accounting statements of the business
4. Schedule 4 - Property Details: Details of owned/leased property and building specifications
5. Schedule 5 - Customer Contracts: List of existing customer contracts and service agreements
6. Schedule 6 - Equipment Specifications: Technical specifications of water treatment equipment
7. Schedule 7 - Compliance Certificates: Copies of water quality certificates and compliance documents
8. Appendix A - Operating Procedures: Standard operating procedures and maintenance manuals
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