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Preliminary Sale Agreement
I need a Preliminary Sale Agreement for the purchase of a commercial property in Copenhagen, with a 60-day due diligence period starting March 1, 2025, and including specific provisions for environmental assessment and tenant rights review.
1. Parties: Identification and details of the seller and buyer, including full legal names, registration numbers (if companies), and addresses
2. Background: Context of the transaction, including brief description of the subject matter of the sale and parties' intentions
3. Definitions: Key terms used throughout the agreement, ensuring consistent interpretation
4. Subject Matter of Sale: Detailed description of what is being sold, including any specific inclusions or exclusions
5. Purchase Price and Payment Terms: Preliminary agreement on price, payment structure, and any deposits required
6. Due Diligence: Terms and conditions for the buyer's investigation of the sale object, including timeframes and access rights
7. Conditions Precedent: Conditions that must be satisfied before proceeding to the final sale agreement
8. Timeline and Process: Key dates and milestones for the transaction, including deadline for final agreement
9. Exclusivity: Seller's commitment not to negotiate with other potential buyers during the specified period
10. Confidentiality: Obligations regarding confidential information exchanged during the preliminary phase
11. Costs: Allocation of costs and expenses during the preliminary phase
12. Termination: Circumstances under which either party may terminate the preliminary agreement
13. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes
14. Signatures: Execution block for all parties
1. Regulatory Approvals: Required when the transaction needs specific regulatory clearances before proceeding to final sale
2. Financing Conditions: Included when the buyer's obligation is contingent on obtaining specific financing
3. Property Inspection: Specific terms for physical inspection when dealing with real estate or substantial physical assets
4. Employee Matters: Required when the sale involves transfer of employees or labor law considerations
5. Intellectual Property: Needed when the sale includes IP rights that require special treatment or verification
6. Environmental Matters: Important when the sale involves assets with potential environmental liabilities
7. Break Fee: Terms for compensation if either party backs out under specific circumstances
8. Interim Operation: Guidelines for operation of the business/maintenance of assets during the preliminary period
1. Schedule 1 - Description of Sale Object: Detailed technical or legal description of what is being sold
2. Schedule 2 - Preliminary Price Calculation: Detailed breakdown of the preliminary purchase price components
3. Schedule 3 - Due Diligence Requirements: List of documents and information to be provided during due diligence
4. Schedule 4 - Timeline: Detailed timeline with all relevant dates and deadlines
5. Schedule 5 - Required Approvals: List of necessary regulatory or third-party approvals
6. Appendix A - Form of Final Sale Agreement: Draft or key terms of the contemplated final sale agreement
7. Appendix B - Due Diligence Access Protocol: Procedures and rules for conducting due diligence
8. Appendix C - Confidentiality Terms: Detailed confidentiality obligations and procedures
Authors
Real Estate
Manufacturing
Technology
Retail
Professional Services
Financial Services
Healthcare
Energy
Construction
Agriculture
Hospitality
Transportation
Media and Entertainment
Education
Industrial
Legal
Finance
Corporate Development
Mergers & Acquisitions
Business Development
Risk Management
Compliance
Operations
Commercial
Property Management
Procurement
Executive Leadership
Board Secretariat
Strategy
Real Estate
Chief Executive Officer
Chief Financial Officer
General Counsel
Legal Counsel
Corporate Lawyer
Business Development Manager
Investment Manager
Real Estate Manager
Procurement Manager
Contract Manager
Risk Manager
Transaction Manager
Company Secretary
Board Member
Commercial Director
Operations Director
Property Manager
Mergers & Acquisitions Director
Due Diligence Specialist
Compliance Officer
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