Document background
The Deed of Absolute Sale Corporation is a crucial legal instrument in Philippine corporate and property law, used when a corporation sells real property or significant assets to another party. This document type is specifically designed to meet the requirements of corporate transactions under Philippine jurisdiction, requiring formal board approval, corporate secretary certification, and compliance with the Revised Corporation Code. The deed must include specific elements such as corporate authority to sell, detailed property description, purchase price, and payment terms. It's essential for ensuring legal transfer of ownership while maintaining corporate governance requirements and protecting stakeholder interests. The document is typically used in major corporate transactions, property development projects, or corporate restructuring where asset disposal is involved.
