The Preliminary Sale Agreement is commonly used in England and Wales when parties wish to formalize their intent to proceed with a sale transaction while maintaining certain conditions or requirements before final completion. This document serves as a crucial intermediate step between initial negotiations and the final sale agreement, allowing parties to outline key terms while protecting their interests. It typically includes details about the subject matter of sale, purchase price, conditions precedent, timelines, and any due diligence requirements. The agreement provides a structured framework for the transaction while maintaining flexibility for both parties to address any issues that may arise during the pre-completion phase.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification and details of all parties involved in the agreement
2. Background: Context and purpose of the preliminary sale agreement
3. Definitions: Key terms used throughout the agreement
4. Subject Matter of Sale: Detailed description of property/goods being sold
5. Purchase Price: Agreed price and payment terms
6. Conditions Precedent: Conditions that must be met before proceeding to final sale
7. Timeline: Key dates and deadlines for the transaction
1. Due Diligence: Terms for buyer's investigation rights - used for complex transactions or property sales
2. Deposit: Terms regarding any deposit payment - used when advance payment is required
3. Warranties: Seller's warranties about the subject matter - used for high-value transactions
4. Break Clause: Conditions for terminating the agreement - used when parties want flexibility to withdraw
1. Property Details: Detailed description of property (if applicable)
2. Due Diligence Requirements: List of required documents and inspections
3. Payment Schedule: Detailed breakdown of payment terms and dates
4. Required Documents: List of documents needed for completion
Find the exact document you need
Preliminary Services Agreement
An England & Wales agreement enabling initial project work before full commitment, covering scope, payment, and IP rights.
Download
Preliminary Lease Agreement
A binding agreement under English and Welsh law that establishes preliminary terms for a future property lease arrangement.
Download
Preliminary Sale And Purchase Agreement
A binding preliminary agreement under English and Welsh law that sets out the key terms for a sale and purchase transaction before the definitive agreement.
Download
Preliminary Sale Agreement
A legally binding document under English and Welsh law that establishes initial terms and conditions for a proposed sale transaction.
Download
Preliminary Purchase Agreement
An English law agreement setting out initial terms and conditions for a proposed purchase, serving as a framework for the final transaction.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)