207, 2015
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A Business and Assets Transfer Agreement (“BTA”) is structured to give effect to a comprehensive sale of assets of one entity to another entity. It is in a form of a purchase and transfer of ownership agreement wherein details regarding the sale of the business and its assets are captured -
An agency agreement involves a principal and an agent either or both of which can be a person, business or organization. The agent acts on behalf of the principal, and the two parties have a contract agreeing to the same, with a confidentiality agreement contained in the actual agency contract. In this case, the agency contract defines both the terms of the agency agreement and the confidentiality requirements all in one document -
Sale!
An assignment agreement transfers one party's rights under a contract to another party. The party transferring their rights is the assignor; the party receiving them is the assignee. Under an assignment, only the benefits of the contract are transferred whilst the obligations remain with the assignor. Novation is a mechanism where one party transfers all its obligations and rights under a contract to a third party, with the consent of the original counterparty. This standard document has integrated notes with important explanations and drafting tips.