This document is an agreement for the sale or acquisition of units in a unit trust.
It will need to be agreed between the vendor and purchaser. Practitioners will also need to consider whether other parties to the trust need to consent to the assignment.
Practitioners will need to review the terms and conditions of the trust deed to ensure that this agreement meets all the requirements of that trust deed pertaining to transfers of units.
Practitioners will also need to consider whether there are tax, stamp duty or GST implications under this agreement.
This document contains warranties that relate specifically to a sale of units in a unit trust. Other warranties appropriate for the sale of a company could be appropriate for inclusion in the sale of units. For a list of additional warranties, see the warranties schedule in the separate document “Business sale agreement – sale of shares (long form).”
This document has been authored for AusDocsOnline.com by Jeremy Kriewaldt, Partner, Atanaskovic Hartnell, Elise Margow, Principal, Legally Speaking and Rosalyn Gladwin, Principal, Gladwin Legal.
This document is prepared with the assistance of Specialist Editor Murray Landis, Partner, K&L Gates.