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Legal AgreementsDue Diligence

General Conveyance Agreement Moveable & Immoveable

This template is a comprehensive General Conveyance Agreement for the transfer of both moveable and immoveable assets between parties. It is suitable for use in various transactions requiring a formal record of asset transfer in a Southern African business context.

Updated 15d ago
ConveyanceAgreementMoveable AssetsImmoveable AssetsAsset TransferLegal DocumentDue DiligenceSouthern Africa

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

GENERAL CONVEYANCE AGREEMENT

This General Conveyance Agreement (hereinafter referred to as "Agreement") is made and entered into on this {{day}} day of {{month}}, {{year}},

BETWEEN:

{{seller_company_name}}, a company duly incorporated under the laws of {{seller_jurisdiction}}, with its principal place of business at {{seller_address}} (hereinafter referred to as "the Transferor");

AND

{{buyer_company_name}}, a company duly incorporated under the laws of {{buyer_jurisdiction}}, with its principal place of business at {{buyer_address}} (hereinafter referred to as "the Transferee").

(The Transferor and Transferee collectively referred to as "the Parties" and individually as "Party".)

RECITALS

WHEREAS, the Transferor is the lawful owner of certain moveable and immoveable assets as more fully described in Schedule A and Schedule B attached hereto (hereinafter collectively referred to as "the Assets");

WHEREAS, the Transferor desires to convey, and the Transferee desires to acquire, all rights, title, and interest in and to the Assets under the terms and conditions hereinafter set forth;

ARTICLE 1: CONVEYANCE OF ASSETS

1.1. Subject to the terms and conditions of this Agreement, the Transferor hereby conveys, transfers, assigns, and delivers to the Transferee all of its rights, title, and interest in and to the Assets, free from all encumbrances, liens, and claims whatsoever.

1.2. The Transferee accepts the conveyance, transfer, assignment, and delivery of the Assets from the Transferor.

ARTICLE 2: DESCRIPTION OF ASSETS

2.1. **Moveable Assets:** The moveable assets subject to this Agreement are detailed in Schedule A, including but not limited to: {{list_of_moveable_assets}}.

2.2. **Immoveable Assets:** The immoveable assets subject to this Agreement are detailed in Schedule B, including but not limited to: {{list_of_immoveable_assets}}, and include all improvements, fixtures, and appurtenances thereto.

2.3. Both Schedules A and B form an integral part of this Agreement.

ARTICLE 3: CONSIDERATION

3.1. In consideration for the conveyance of the Assets, the Transferee shall pay to the Transferor the sum of {{currency}} {{amount}} ({{amount_in_words}}), such payment to be made on or before {{payment_due_date}} by way of {{payment_method}}.

3.2. Any applicable taxes, duties, or fees associated with the transfer of the Assets shall be borne by {{party_responsible_for_taxes}}.

ARTICLE 4: WARRANTIES AND REPRESENTATIONS

4.1. The Transferor warrants and represents that:

(a) It has full power and authority to enter into this Agreement and to convey the Assets.

(b) It is the sole legal and beneficial owner of the Assets and that the Assets are free from any encumbrances, charges, or claims.

(c) There are no ongoing or threatened legal proceedings or investigations that could affect the validity of its ownership or the transferability of the Assets.

4.2. The Transferee warrants and represents that:

(a) It has full power and authority to enter into this Agreement and to acquire the Assets.

(b) It has conducted its own due diligence on the Assets and is satisfied with their condition and legal status.

ARTICLE 5: INDEMNIFICATION

5.1. Each Party shall indemnify and hold harmless the other Party from and against any and all losses, damages, liabilities, costs, and expenses (including reasonable legal fees) arising out of or in connection with any breach of its representations, warranties, or covenants contained in this Agreement.

ARTICLE 6: GOVERNING LAW AND DISPUTE RESOLUTION

6.1. This Agreement shall be governed by and construed in accordance with the laws of {{governing_jurisdiction}}.

6.2. Any dispute, controversy, or claim arising out of or relating to this Agreement, or the breach, termination, or invalidity thereof, shall be settled by arbitration in accordance with the rules of {{arbitration_body}}.

ARTICLE 7: ENTIRE AGREEMENT

7.1. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.

SIGNATURE BLOCK

IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first written above.

TRANSFEROR:

___________________________

Name: {{transferor_agent_name}}

Title: {{transferor_agent_title}}

Date: {{transferor_signature_date}}

___________________________

Witness Name: {{transferor_witness_name}}

Witness Signature:

Date: {{transferor_witness_date}}

TRANSFEREE:

___________________________

Name: {{transferee_agent_name}}

Title: {{transferee_agent_title}}

Date: {{transferee_signature_date}}

___________________________

Witness Name: {{transferee_witness_name}}

Witness Signature:

Date: {{transferee_witness_date}}

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