Slump Sale Agreement Draft

A business transfer agreement is structured in such a way that an overall sale of assets and liabilities from one enterprise to another enterprise is effective. This is a purchase and transfer agreement that covers the details of the sale of the business and its assets. It describes the type of transfer, the type of sale, the conditions of sale and the details of the transfer. The business transfer agreement lists assets, liabilities, capital, contracts, customer lists, leasing contracts, employee insurance, new labor rights, inventory, tax matters, copyrights, and patents. In the case of „Innovative Textile Ltd“. [2019 (4) TMI 1499 – AUTHORITY FOR ADVANCE RULINGS, UTTARAKHAND] is the seller and manufactures textile yarns, fabrics and clothing. The applicant intends to establish its current activities in the manufacture, marketing and sale of textile yarns and fabrics from the textile factory located on land No 1. .