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Pre Sale Purchase Agreement
"I need an Austrian Pre Sale Purchase Agreement for the acquisition of custom manufacturing equipment worth 鈧500,000, with staged payments and specific technical requirements for the machinery to be delivered by March 2025."
1. Parties: Identification of seller and buyer with full legal names, addresses, and registration details if applicable
2. Background: Context of the transaction, brief description of the subject matter, and intention to enter into a pre-sale agreement
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Purchase Price', 'Completion Date', etc.
4. Subject Matter of Sale: Detailed description of the item/property being sold, including specifications, condition, and any relevant identifiers
5. Purchase Price: The agreed price, payment schedule, deposit requirements, and payment methods
6. Payment Terms: Detailed breakdown of payment installments, deadlines, and consequences of late payment
7. Conditions Precedent: Conditions that must be fulfilled before the sale becomes binding
8. Completion: Process and requirements for completing the sale, including timing and delivery requirements
9. Seller's Warranties: Warranties regarding ownership, condition, and authority to sell
10. Buyer's Warranties: Warranties regarding capacity to purchase and financial ability
11. Risk and Insurance: Allocation of risk and insurance requirements during the pre-sale period
12. Termination: Circumstances under which either party may terminate and consequences
13. Governing Law and Jurisdiction: Confirmation of Austrian law application and jurisdiction for disputes
14. Notices: How formal communications between parties should be made and delivered
15. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Construction Timeline: For real estate pre-sales, detailing construction milestones and completion dates
2. Specifications and Plans: For off-plan purchases or custom orders, detailed technical specifications
3. Mortgage Contingency: When buyer's purchase is contingent on obtaining financing
4. Property Management: For real estate pre-sales involving ongoing management arrangements
5. Escrow Arrangements: When using an escrow agent to hold deposits or documents
6. Due Diligence: When specific due diligence periods or requirements are needed
7. Assignment Rights: If transfer of rights under the agreement is to be permitted
8. Force Majeure: Extended force majeure provisions for long-term pre-sale arrangements
1. Property Description: Detailed technical description of the property or item being sold
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Specifications: Technical specifications, plans, or drawings
4. Form of Transfer Deed: Template for the final transfer document
5. Due Diligence Documents: List of required due diligence documents
6. Warranty Terms: Detailed warranty conditions and procedures
7. Construction Schedule: Detailed timeline for construction phases if applicable
Authors
Real Estate
Construction
Manufacturing
Automotive
Luxury Goods
Technology
Industrial Equipment
Retail
Energy
Infrastructure
Legal
Sales
Procurement
Business Development
Finance
Compliance
Real Estate
Commercial
Project Management
Risk Management
Legal Counsel
Contract Manager
Sales Director
Procurement Manager
Real Estate Developer
Project Manager
Business Development Manager
Commercial Director
Finance Manager
Compliance Officer
Property Manager
Sales Manager
General Counsel
Transaction Manager
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