Products tagged with 'asset exchange agreement'

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Section 85 Rollover Agreement for Land | Canada

A rollover allows you to transfer the asset under Section 85 of the Income Tax Act (Canada) without attracting capital gains tax on the transaction.
In exchange for the land, the corporation purchasing the land issues shares to the vendor in an amount equal to the fair market value of the land.
The purchaser and vendor agree to jointly file an election under subsection 85(1) of the Income Tax Act.
A section 85 rollover agreement gives you a means to preserve your assets and reduce your tax liability.
This document is governed by Canadian tax laws and is intended for use in Canada only.

$31.99

Allocation of Value. The Agreement sets out the value of the assets and allocates the value among rights, tangibles and miscellaneous interests.
Payment of Costs. In each case, the transferee will pay all costs to register and convey the assets and will bear all costs of work performed or goods or services provided with respect to the assets prior to the effective date.
Adjustments. An interim adjustment and accounting will be done, and the benefits and obligations with respect to the assets apportioned accordingly, as of the effective date.
Maintenance of Assets. Each party will maintain its assets in accordance with good oil field practice until closing.
Review. Each party agrees to conduct a review of title to the assets being transferred.
Conditions Precedent. The transfers are subject to certain conditions precedent, including substantial damage and material compliance.
Arbitration. The parties agree to arbitration pursuant to The Arbitration Act of Alberta, in the event of dispute.
Attachments. The Agreement includes a form of General Conveyance and a Certificate of Officer.
Governing Laws. This Petroleum Asset Exchange Agreement contains references to provincial laws and regulations of the Province of Alberta, Canada.

$44.99

The guarantee is given in connection with a Purchase and Sale Agreement for natural gas assets.
The guarantor, as the parent company of the vendor (seller), guarantees all of the vendor's obligations to the purchaser.
The guarantee is irrevocable, unconditional and continuing.
The liability of the guarantor is separate from that of the vendor.
The Guarantee Agreement is intended for use in the Province of Alberta, Canada.
The form is a downloadable legal document in MS Word format that can be modified to fit your specific needs.

$6.29 $5.99

The assets are being transferred as a rollover under section 85(l) of the Income Tax Act (Canada).
The vendor and purchaser will jointly file an election with respect to the transaction.
In the event of an uncontested re-assessment by Canada Revenue Agency, the aggregate cost amount set out in the reassessment notice will constitute the cost amount of the assets.
This is a Canadian legal form. Downloadable and fully editable in MS Word format.

$17.99

In accordance with CAPL Operating Procedure, the Notice must be sent to a party that has right of first refusal to acquire certain assets.
The party is requested to waive its right of first refusal to allow closing of an asset exchange transaction concerning the subject interests.
The Right of First Refusal Notice is intended for use in the Province of Alberta, Canada.
The form is downloadable and fully editable.

$2.25

The Direction is given in connection with an Asset Exchange Agreement.
The vendor directs the purchaser how and where to pay the purchase price for petroleum and natural gas properties.
The form is available in MS Word format and is downloadable and fully editable.
Intended for use in the Province of Alberta, Canada.

$0.00