tiktok成人版

Asset Sale Agreement for New Zealand

Asset Sale Agreement Template for New Zealand

A comprehensive legal agreement governed by New Zealand law that facilitates the transfer of business assets from a vendor to a purchaser. This document outlines the terms and conditions of the asset sale, including the assets being transferred, purchase price, payment terms, warranties, and completion requirements. It incorporates relevant New Zealand legislative requirements, including those under the Contract and Commercial Law Act 2017, Property Law Act 2007, and applicable tax legislation. The agreement provides mechanisms for due diligence, risk allocation, and dispute resolution while ensuring compliance with local regulatory requirements.

Your data doesn't train Genie's AI

You keep IP ownership聽of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Asset Sale Agreement

Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Asset Sale Agreement?

The Asset Sale Agreement is a fundamental commercial document used in New Zealand business transactions when a party wishes to sell specific business assets rather than shares in a company. It is particularly useful when buyers want to cherry-pick specific assets or when sellers wish to retain certain assets or liabilities. The agreement comprehensively covers all aspects of the asset transfer, including detailed asset descriptions, purchase price mechanisms, warranties, and completion procedures. It must comply with New Zealand legal requirements, including the Contract and Commercial Law Act 2017, Fair Trading Act 1986, and relevant tax legislation. This document is essential for both simple and complex asset sales, providing clarity on the transaction terms while protecting both parties' interests through appropriate risk allocation and regulatory compliance.

What sections should be included in a Asset Sale Agreement?

1. Parties: Identifies and defines the Vendor and Purchaser with their full legal names and addresses

2. Background: Sets out the context of the transaction, including brief description of the assets and parties' intention to sell/purchase

3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out interpretation rules

4. Agreement to Sell and Purchase: Core provision stating the agreement to sell and purchase the assets

5. Purchase Price: Specifies the purchase price, payment terms, and any adjustments

6. Conditions Precedent: Lists any conditions that must be satisfied before completion can occur

7. Pre-completion Obligations: Details obligations of both parties between signing and completion

8. Completion: Specifies completion date, location, and requirements for completion

9. Vendor Warranties: Lists warranties given by the vendor regarding the assets and business

10. Purchaser Warranties: Contains warranties given by the purchaser

11. Limitations on Claims: Sets out limitations on warranty claims and other claims under the agreement

12. Confidentiality: Governs confidentiality obligations regarding the transaction and information disclosed

13. GST: Addresses GST treatment of the transaction

14. Notices: Specifies how formal notices under the agreement must be given

15. General Provisions: Contains standard boilerplate provisions including governing law, dispute resolution, and entire agreement

What sections are optional to include in a Asset Sale Agreement?

1. Employee Matters: Required when employees are being transferred as part of the asset sale

2. Intellectual Property: Needed when significant IP assets are included in the sale

3. Property Lease Assignment: Required when leased premises are being transferred

4. Environmental Matters: Important when assets include land or businesses with environmental considerations

5. Post-completion Adjustments: Used when the purchase price may need adjustment after completion

6. Restraint of Trade: Included when restricting vendor's future competing activities

7. Third Party Consents: Required when material contracts or licenses require third party consent for transfer

8. Transitional Services: Needed when vendor will provide services to purchaser post-completion

9. Tax Indemnity: Detailed tax provisions when significant tax risks are identified

10. Escrow Arrangements: Used when part of the purchase price is held in escrow

What schedules should be included in a Asset Sale Agreement?

1. Schedule 1 - Asset Schedule: Detailed list and description of all assets being sold

2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale

3. Schedule 3 - Purchase Price Allocation: Breakdown of purchase price allocation across asset categories

4. Schedule 4 - Contracts: List of contracts being assigned or novated

5. Schedule 5 - Vendor Warranties: Detailed warranties given by the vendor

6. Schedule 6 - Completion Obligations: Detailed list of actions required at completion

7. Schedule 7 - Permitted Encumbrances: List of permitted encumbrances on the assets

8. Schedule 8 - Employees: Details of employees if relevant to the transaction

9. Appendix 1 - Form of Transfer Documents: Templates for various transfer documents required at completion

10. Appendix 2 - Deed of Assignment: Template deed for assigning contracts or rights

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

New Zealand

Document Type

Sales Contract

Sector

Sales

Cost

Free to use
Relevant legal definitions












































Clauses











































Relevant Industries

Manufacturing

Retail

Hospitality

Technology

Agriculture

Construction

Professional Services

Healthcare

Transportation

Real Estate

Mining

Energy

Education

Tourism

Media and Entertainment

Relevant Teams

Legal

Finance

Commercial

Operations

Risk and Compliance

Corporate Development

Mergers and Acquisitions

Tax

Treasury

Property

Business Development

Strategy

Procurement

Company Secretariat

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Commercial Director

General Counsel

Legal Counsel

Corporate Lawyer

Business Development Manager

Finance Manager

Operations Director

Asset Manager

Risk Manager

Company Secretary

Procurement Manager

Investment Manager

Tax Manager

Property Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Commission Sales Agent Agreement

A New Zealand-governed agreement establishing terms between a principal company and commission-based sales agent, including commission structures, territories, and mutual obligations.

find out more

Contract To Sell

A New Zealand-compliant legal agreement documenting the terms and conditions for the sale of goods, assets, or property between a seller and buyer.

find out more

Sold As Is Contract

A New Zealand-governed contract for the sale of property or goods in their current condition, with the buyer accepting all existing faults and limited warranties.

find out more

Farm Purchase Agreement

A New Zealand-governed agreement for the purchase and sale of agricultural property, including land, buildings, and associated farming assets.

find out more

Non Compete Agreement Sale Of Business

A New Zealand-governed agreement that prevents a business seller from competing with the sold business, including restrictions on competition, solicitation, and use of confidential information.

find out more

Sales Employee Contract

New Zealand-compliant employment agreement template for sales professionals, covering compensation, targets, and employment terms.

find out more

Sale Of Business As A Going Concern Agreement

A New Zealand-compliant agreement for the sale and purchase of an operational business as a going concern, covering all aspects of the business transfer.

find out more

Product Contract

A New Zealand-governed agreement setting out terms and conditions for product supply, purchase, or distribution, compliant with NZ commercial law.

find out more

Business Buy Sell Agreement

A New Zealand-compliant agreement governing the sale and purchase of a business, including terms for asset transfer, warranties, and completion requirements.

find out more

Lease To Purchase Contract

A New Zealand-compliant agreement combining a property lease with a future purchase option, setting terms for both lease period and eventual property acquisition.

find out more

Real Estate Listing Contract

A New Zealand-compliant agreement authorizing a real estate agent to market and sell property on behalf of the owner, setting out terms, commission, and obligations.

find out more

Sales Agency Agreement

A New Zealand-governed agreement establishing terms and conditions between a principal and sales agent for the promotion and sale of products or services.

find out more

Furniture Sale Agreement

A New Zealand-compliant agreement for the sale and purchase of furniture, covering product specifications, pricing, delivery terms, and warranties.

find out more

Simple Business Purchase Agreement

A New Zealand-governed agreement for the straightforward purchase and sale of a business, outlining key terms and conditions of the transfer.

find out more

Sales Rep Contract

A New Zealand-compliant employment agreement for sales representatives, covering sales-specific terms and standard employment provisions.

find out more

Export Sale Contract

A New Zealand law-governed contract establishing terms for international sale and export of goods, including delivery, payment, and compliance requirements.

find out more

Wholesale Contract

A New Zealand-governed agreement establishing terms for wholesale supply and distribution relationships, including commercial terms and operational requirements.

find out more

Restaurant Sale Agreement

A New Zealand-governed agreement for the sale and purchase of a restaurant business, including all assets, licenses, and operational elements.

find out more

Owner To Owner House Sale Contract

A New Zealand-compliant legal agreement for direct property sales between private owners, detailing sale terms and conditions under NZ property law.

find out more

Rv Purchase Agreement

A New Zealand law-governed agreement for the sale and purchase of a recreational vehicle, including terms, conditions, and warranties.

find out more

Private Home Sale Contract

A legally binding agreement under New Zealand law for the private sale and purchase of residential property, outlining all terms and conditions of the transaction.

find out more

Simple Land Contract Purchase Agreement

A New Zealand-compliant agreement for the basic purchase and sale of real property, incorporating essential terms and conditions under NZ property law.

find out more

Cash Sale House Contract

A New Zealand-compliant agreement for the cash purchase of residential property, following ADLS and REINZ standards.

find out more

Sell Land Contract

A legally binding agreement under New Zealand law for the sale and purchase of land, ensuring compliant transfer of property ownership.

find out more

Deposit Agreement Of Purchase And Sale

A New Zealand-compliant agreement governing the terms and conditions of property deposit payments and handling in real estate transactions.

find out more

Sale Of Sole Proprietorship Business Agreement

A New Zealand-compliant agreement for the sale and purchase of a sole proprietorship business, covering all aspects of ownership transfer and related obligations.

find out more

Boat Sales Agreement

A New Zealand-compliant legal agreement for the sale and purchase of marine vessels, including terms, conditions, and ownership transfer requirements.

find out more

Offer Agreement

A New Zealand-compliant legal document that formally presents and structures an offer between parties, outlining terms and conditions for acceptance.

find out more

Art Sale Contract

New Zealand-governed agreement for the sale and purchase of artwork, ensuring legal compliance and protection for both buyer and seller.

find out more

Agency Agreement For The Sale Of Residential Property

A New Zealand-compliant agreement establishing the terms and conditions between a real estate agent and property owner for the sale of residential property.

find out more

Non Competition Agreement Sale Of Business

A New Zealand law-governed agreement that restricts a business seller from competing with the sold business, protecting the purchaser's interests following acquisition.

find out more

Guaranteed Sale Agreement

A New Zealand-governed agreement where a real estate agency guarantees to purchase a property if it doesn't sell within an agreed timeframe.

find out more

Domain Name Sale Agreement

A New Zealand-governed agreement for the sale and transfer of domain name ownership, including terms, conditions, and technical transfer requirements.

find out more

As Is Sales Contract

A New Zealand-governed contract for the sale of goods in their current condition without warranties, establishing clear terms for "as is" purchases under NZ law.

find out more

Sales Referral Agreement

A New Zealand-compliant agreement establishing terms for business referrals, including compensation structure and parties' obligations.

find out more

Restaurant Purchase Agreement

A New Zealand law-governed agreement for the sale and purchase of a restaurant business, including transfer of assets, licenses, and operational rights.

find out more

Non Exclusive Sales Representative Agreement

New Zealand-governed agreement appointing a non-exclusive sales representative to sell products/services within a defined territory.

find out more

Motorcycle Sales Agreement

A New Zealand-compliant legal agreement for the sale and purchase of motorcycles, ensuring protection for both buyer and seller under NZ law.

find out more

Loan Sale Agreement

A New Zealand law-governed agreement for the sale and transfer of loans between financial institutions, compliant with local financial services regulations.

find out more

Independent Sales Contractor Agreement

A New Zealand-compliant agreement establishing the terms and conditions between a company and an independent sales contractor, including commission structures and performance requirements.

find out more
See more related templates

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it