Change light in the Asset Transfer Agreement effortlessly

Aug 6th, 2022
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How to Change light in the Asset Transfer Agreement

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good morning uh welcome to this terra firma chambers webinar my name is fred macintosh and im going to be chairing this session today with my colleagues mark lazarovich and robert sutherland our topic today is community right to buy an asset transfer um im grateful to the large numbers of people whove attended 93 of you thats fantastic um this is our new series for this year we ran a series last year we will have uh future events in 2021 are covering our full range of practice areas employment property planning judicial report review and other aspects of public law um please contact emma caskey potter if youre not already on our email list so that we you receive details of future events there will be a related event uh on the 18th of march thats next thursday um which will deal with common common good fund um and uh it will be both uh talks from scott blair and dennis garrity and be chaired by james at finley qc now i want to say before i start this talk and the next talk i think

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A few reasons to perform asset transfer include business mergers, acquisition, reconstruction, amalgamation, demerger, and survival.
An asset transfer agreement (ATA) is a contract between two parties that sets forth the terms and conditions for the transfer of ownership of certain assets. The ATA defines the parties to the agreement, the assets to be transferred, and the consideration to be paid for the transfer.
Asset transfer is a process to allow a community organisation to take over publicly owned land or buildings, usually at a discounted price, in recognition of the public benefits that the community use will bring.
This is a two step process: first complete, to Final status, a monetary transfer (transfer of funds) for the purchase of the asset, then complete a transfer of the asset. Skip the Transfer of Funds step if you are giving an asset to a department. Below is an example of the transfers that make up this process.

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