This transfer agreement intercompanies template has 4 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our transfer agreement intercompanies template:
TRANSFER AGREEMENT This Transfer Agreement (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Vendor"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the "Purchaser"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Vendor represents that it is the registered holder of a [PERCENTAGE %] interest (the "Interest") in [COMPANY NAME] (the "Vendor"); WHEREAS the parties hereto have determined that the aggregate fair market value of the Interest is [AMOUNT]; WHEREAS the Purchaser desires to purchase and the Vendor desires to sell the Interest; NOW THEREFORE, IT IS AGREED AS FOLLOWS: INTEREST SOLD AND PURCHASE PRICE Subject to the terms and conditions set forth in this Agreement, the Vendor hereby sells the Interest to the Purchaser, hereto present and accepting, and delivers to the Purchaser certificates representing the Interest duly endorsed to the Purchaser for transfer. The aggregate purchase price for the Interest is [AMOUNT], (the "Purchase Price") which the parties consider to be the fair market value of the Interest, payable as set forth as Article [NUMBER] hereof. PAYMENT OF THE PURCHASE PRICE The Vendor acknowledges that it has received: certificate [SPECIFY] [NUMBER] common share of the Purchaser (the "Purchaser Share"); a first promissory note by the Purchaser to the Vendor in the principal amount of [AMOUNT] in legal tender of the [COUNTRY] ([COUNTRY] [AMOUNT]) bearing interest at the rate of interest of [PERCENTAGE %] percent per annum (the "First Note"); a second promissory note by the Purchaser to the Vendor in the principal amount of [AMOUNT] in legal tender of the [COUNTRY] ([COUNTRY] [AMOUNT]) bearing interest at the rate of interest of [PERCENTAGE %] percent per annum (the "Second Note"); a third promissory note by the Purchaser to the Vendor in the principal amount of [AMOUNT] in legal tender of the [COUNTRY] [COUNTRY] [AMOUNT]) bearing interest at the rate of interest of [PERCENTAGE %] percent per annum (the "Third Note"); (the First Note, the Second Note and the Third Note being collectively referred to hereinafter as the "Notes"); the whole in full payment of the Purchase Price. The parties hereto determine that the Purchaser Share and the Notes, in the aggregate, have a fair market value of and are, in all circumstances of the transaction, the fair equivalent of a consideration payable in cash equal to the fair market value of the Interest. VENDOR'S REPRESENTATIONS AND WARRANTIES The Vendor represents and warrants to the Purchaser that: the Vendor is a corporation incorporated under the [YOUR COUNTRY LAW] of [COUNTRY] and is duly organized and validly existing thereunder; all necessary corporate action and proceedings have been taken to permit the execution of this Agreement. No approval or consent of any public or private authority is required to enter into this Agreement or to consummate the transaction provided for herein; the aforementioned actions do not conflict with or result in or cause the occurrence of an event or condition which, immediately or after notice or lapse of time or both constitutes a breach of or default under the articles or by-laws of the Vendor or under any agreement, instrument, order, judgment or decree to which the Vendor is subject; the Vendor is a taxable [COUNTRY] corporation within the meaning of the [YOUR COUNTRY] Federal Act and the [STATE/PROVINCE] Act; the Interest is owned by the Vendor by good and marketable title; and
