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Business and Assets Transfer Agreement

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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

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Table of Content:

  1. DEFINITIONS AND INTERPRETATION
  2. SALE AND PURCHASE OF THE BUSINESS
  3. CONSIDERATION
  4. CONDITIONS
  5. COMPLETION
  6. VALUE ADDED TAX AND INCOME TAX ELECTION
  7. OWNERSHIP, RISK OBLIGATIONS AND LIABILITIES ASSUMED BY THE BUYER
  8. BUYER’S WARRANTIES
  9. SELLER’S WARRANTIES
  10. LIMITATION OF LIABILITY
  11. BREACH OF AGREEMENT
  12. NOTICES AND PROCEEDINGS
  13. COSTS
  14. NO PARTNERSHIP
  15. FURTHER ASSURANCE
  16. TITLE
  17. ACCRUED RIGHTS
  18. ASSIGNMENT
  19. CONFIDENTIALITY
  20. GENERAL
  21. COUNTERPARTS
  22. GOVERNING LAW AND DISPUTE RESOLUTION

ANNEXURE A     THE ASSETS

ANNEXURE B     WARRANTIES

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