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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- DEFINITIONS AND INTERPRETATION
- SALE AND PURCHASE OF THE BUSINESS
- CONSIDERATION
- CONDITIONS
- COMPLETION
- VALUE ADDED TAX AND INCOME TAX ELECTION
- OWNERSHIP, RISK OBLIGATIONS AND LIABILITIES ASSUMED BY THE BUYER
- BUYER’S WARRANTIES
- SELLER’S WARRANTIES
- LIMITATION OF LIABILITY
- BREACH OF AGREEMENT
- NOTICES AND PROCEEDINGS
- COSTS
- NO PARTNERSHIP
- FURTHER ASSURANCE
- TITLE
- ACCRUED RIGHTS
- ASSIGNMENT
- CONFIDENTIALITY
- GENERAL
- COUNTERPARTS
- GOVERNING LAW AND DISPUTE RESOLUTION
ANNEXURE A THE ASSETS
ANNEXURE B WARRANTIES