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General Conveyance Agreement Moveable & Immoveable

This General Conveyance Agreement is used to legally transfer ownership of both moveable and immoveable property from one party to another. It is suitable for a wide range of asset transfers.

Updated 15d ago
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Phone: {{phone}} | Email: {{email}} | Web: {{website}}

General Conveyance Agreement Moveable & Immoveable

General Conveyance Agreement Moveable & Immoveable

{{company_name}}

{{company_address}}

{{phone}}

{{email}}

{{website}}

GENERAL CONVEYANCE AGREEMENT

This General Conveyance Agreement ("Agreement") is made and entered into on this {{day}} day of {{month}}, {{year}}, by and between:

**Transferor:**

{{transferor_company_name}} (Registration No. {{transferor_registration_number}}), a company duly incorporated and operating under the laws of {{country}}, with its registered office located at {{transferor_address}} (hereinafter referred to as the "Transferor").

**Transferee:**

{{transferee_company_name}} (Registration No. {{transferee_registration_number}}), a company duly incorporated and operating under the laws of {{country}}, with its registered office located at {{transferee_address}} (hereinafter referred to as the "Transferee").

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

RECITALS

WHEREAS, the Transferor is the legal and beneficial owner of certain moveable and immoveable properties 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, transfer, assign, and deliver all its right, title, and interest in and to the Assets to the Transferee.

WHEREAS, the Transferee desires to accept such conveyance, transfer, assignment, and delivery of the Assets from the Transferor.

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

1. CONVEYANCE AND TRANSFER OF ASSETS

1.1 The Transferor hereby conveys, transfers, assigns, and delivers to the Transferee, absolutely and unconditionally, all its right, title, and interest in and to the Assets, both moveable and immoveable, as described in Schedule A (Moveable Assets) and Schedule B (Immoveable Assets) attached hereto and incorporated by reference.

1.2 The Transferor warrants that it has the full right, power, and authority to convey and transfer the Assets to the Transferee and that the Assets are free from any liens, encumbrances, charges, or claims whatsoever, except as expressly disclosed in Schedule C.

1.3 The Transferee accepts the conveyance, transfer, assignment, and delivery of the Assets subject to the terms and conditions of this Agreement.

2. CONSIDERATION

2.1 In consideration for the conveyance and transfer of the Assets, the Transferee shall pay to the Transferor the sum of {{currency}} {{amount}} ({{amount_in_words}}) (the "Purchase Price"), payable in the following manner:

(a) A deposit of {{currency}} {{deposit_amount}} upon the signing of this Agreement.

(b) The balance of {{currency}} {{balance_amount}} on or before {{payment_due_date}}.

2.2 Payment shall be made by {{payment_method}} to the Transferor's designated bank account: Account Name: {{transferor_bank_account_name}}, Account Number: {{transferor_bank_account_number}}, Bank Name: {{transferor_bank_name}}, Branch: {{transferor_bank_branch}}.

3. WARRANTIES AND REPRESENTATIONS OF THE TRANSFEROR

3.1 The Transferor represents and warrants to the Transferee that:

(a) It is a duly incorporated and validly existing entity with the corporate power and authority to enter into and perform its obligations under this Agreement.

(b) The execution and delivery of this Agreement and the consummation of the transactions contemplated herein do not violate any agreement or instrument to which the Transferor is a party or by which it is bound.

(c) The Assets are in good working order and condition, fair wear and tear excepted (for moveable assets), and all necessary permits, licenses, and approvals for the immoveable assets are in full force and effect.

(d) There are no outstanding claims, litigation, or proceedings pending or threatened against the Transferor that would materially affect the Assets or the Transferor's ability to perform its obligations hereunder.

4. INDEMNIFICATION

4.1 The Transferor agrees to indemnify and hold harmless the Transferee from and against any and all losses, damages, liabilities, costs, and expenses (including reasonable attorney's fees) arising out of or relating to any breach by the Transferor of its representations, warranties, or covenants contained in this Agreement.

4.2 The Transferee agrees to indemnify and hold harmless the Transferor from and against any and all losses, damages, liabilities, costs, and expenses (including reasonable attorney's fees) arising out of or relating to any breach by the Transferee of its representations, warranties, or covenants contained in this Agreement.

5. GOVERNING LAW AND JURISDICTION

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

5.2 Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by arbitration in {{city}}, {{country}}, in accordance with the arbitration rules of the {{arbitration_institution}}.

6. ENTIRE AGREEMENT

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

6.2 No amendment, modification, or waiver of any provision of this Agreement shall be effective unless in writing and signed by both Parties.

7. SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this General Conveyance Agreement as of the date first above written.

TRANSFEROR:

_____________________________

By: {{transferor_authorised_signatory_name}}

Title: {{transferor_authorised_signatory_title}}

Date: {{transferor_signature_date}}

TRANSFEREE:

_____________________________

By: {{transferee_authorised_signatory_name}}

Title: {{transferee_authorised_signatory_title}}

Date: {{transferee_signature_date}}

SCHEDULE A: MOVEABLE ASSETS

{{description_of_moveable_assets}}

SCHEDULE B: IMMOVEABLE ASSETS

{{description_of_immoveable_assets}}

SCHEDULE C: DISCLOSED ENCUMBRANCES (IF ANY)

{{description_of_encumbrances_on_assets}}

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