eStore Client Portfolio Transfer Agreement for Insurance Businesses

Client Portfolio Transfer Agreement for Insurance Businesses

$550.00 inc GST

A template legal agreement suitable for General insurance brokers & Underwriting agencies

Features:

A customisable template for buying or selling a general insurance portfolio, including:

GENERAL PROVISIONS.

Portfolio transfer
Purchase price payment and adjustments
Liability to clients
Completion tasks
Seller’s obligations
Seller’s and Buyer warranties
Indemnities and insurance
GST treatment
Protection of confidential information
Dispute resolution

OPTIONAL CLAUSES.

Conditions precedent
Rescission events
Securing subsequent payment(s)
Additional warranties
Limitations of liability
Professional Indemnity insurance
Restrictive covenants (restraints)

Benefits:

Effectively assigns client data and service rights
Reflects current industry standard arrangements
Protects confidential information
Prevents seller competition (optional)
Detailed guidance on purchase price calculation
Plain English
Focus on commercial balance
Modern style and format
Easy to use and customise
Includes comprehensive user guide

Use:

Customise to transfer ownership of an insurance portfolio
For use by both Sellers and Buyers (with optional text to improve your position/provide greater protection, depending on whether you are the buyer or seller in the transaction)

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