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Private Sale Contract
"I need a Private Sale Contract for selling my manufacturing equipment to a company in Gujarat, with payment to be made in three installments between January and March 2025, and including specific warranties about the equipment's condition and performance."
1. Parties: Identification and details of the seller and buyer, including names, addresses, and any relevant registration numbers
2. Background: Context of the sale and brief description of the parties' intention to enter into the sale agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Subject Matter of Sale: Detailed description of the property/goods being sold
5. Purchase Price: Agreed price and payment terms
6. Delivery Terms: Timing, method, and location of delivery
7. Title and Risk: Transfer of ownership and risk in the property/goods
8. Seller's Representations: Statements and guarantees about the property/goods being sold
9. Buyer's Representations: Statements and acknowledgments by the buyer
10. Completion: Process and requirements for completing the sale
11. Governing Law: Specification of Indian law as governing law
12. Dispute Resolution: Process for resolving any disputes
13. Execution: Signature blocks and execution formalities
1. Conditions Precedent: Include when completion is subject to fulfillment of certain conditions
2. Warranties: Detailed warranties section needed for complex goods or when specific guarantees are required
3. Inspection Rights: Include when buyer needs to inspect goods before completion
4. Installment Payments: Include when payment is to be made in installments
5. Insurance: Include when specific insurance requirements apply during transition of ownership
6. Confidentiality: Include when sale involves sensitive information
7. Force Majeure: Include when needed to address potential external disruptions
8. Assignment: Include when transfer rights need to be specified
9. Taxes and Expenses: Include when there are specific tax implications or expense allocations
10. Post-Sale Obligations: Include when parties have continuing obligations after sale completion
1. Schedule 1 - Property/Goods Description: Detailed technical specifications or description of the property/goods
2. Schedule 2 - Payment Schedule: Detailed payment terms and installment schedule if applicable
3. Schedule 3 - Delivery Schedule: Detailed delivery timeline and requirements
4. Schedule 4 - Existing Encumbrances: List of any existing liens, encumbrances, or claims
5. Schedule 5 - Required Approvals: List of necessary permits, licenses, or approvals
6. Appendix A - Documents List: List of documents to be exchanged at completion
7. Appendix B - Form of Receipt: Template for acknowledgment of delivery/payment
8. Appendix C - Condition Report: Current condition of goods/property if relevant
Authors
Real Estate
Automotive
Manufacturing
Retail
Agriculture
Technology
Industrial Equipment
Consumer Goods
Art and Collectibles
Small Business
Construction
Hospitality
Legal
Procurement
Sales
Compliance
Finance
Operations
Risk Management
Business Development
Property Management
Administration
Legal Counsel
Contract Manager
Business Development Manager
Sales Manager
Procurement Manager
Company Secretary
Compliance Officer
Property Manager
Real Estate Agent
Business Owner
Operations Manager
Chief Financial Officer
Risk Manager
General Counsel
Transaction Advisor
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