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Deed Of Purchase
"I need a Deed of Purchase for acquiring a commercial property in Sydney, Australia, with settlement scheduled for March 15, 2025, including specific provisions for existing tenant leases and environmental compliance warranties."
1. Parties: Identifies and defines all parties to the deed, including full legal names, addresses, and ACN/ABN for companies
2. Background: Sets out the context and purpose of the deed, including brief description of the purchase arrangement
3. Definitions and Interpretation: Defines key terms used throughout the deed and establishes rules for interpretation
4. Sale and Purchase: Core terms of the purchase including the asset/property being purchased and purchase price
5. Purchase Price and Payment: Detailed payment terms, including payment method, timing, and any deposit requirements
6. Completion: Requirements and process for completion of the purchase, including timing and delivery obligations
7. Warranties and Representations: Statements of fact and promises made by the seller about the purchase subject
8. Risk and Title: When risk and title pass from seller to purchaser
9. Default and Termination: Consequences of breach and circumstances allowing termination
10. Notices: How formal communications between parties should be made and delivered
11. General Provisions: Standard legal provisions including governing law, entire agreement, and severability
12. Execution: Formal requirements for signing the deed, including witness requirements
1. Conditions Precedent: Used when completion is subject to certain conditions being satisfied
2. Due Diligence: Include when the purchaser requires a due diligence period before completion
3. Adjustments: Required for property purchases where rates, taxes or other outgoings need to be adjusted between parties
4. GST: Required when the purchase involves GST considerations
5. Foreign Investment Provisions: Include when the purchaser is a foreign person or entity
6. Intellectual Property: Required when the purchase includes IP rights
7. Employees and Superannuation: Include when the purchase involves transfer of employees
8. Confidentiality: Optional section for sensitive commercial purchases requiring confidentiality
9. Third Party Consents: Include when the purchase requires approval from third parties
1. Schedule 1 - Asset Description: Detailed description of the asset or property being purchased
2. Schedule 2 - Purchase Price Breakdown: Itemized breakdown of the purchase price if applicable
3. Schedule 3 - Completion Checklist: List of documents and actions required for completion
4. Schedule 4 - Warranties: Detailed warranties given by the seller
5. Schedule 5 - Encumbrances: List of any existing encumbrances on the purchase subject
6. Appendix A - Property Certificate: For real property purchases, copy of title or property certificate
7. Appendix B - Related Agreements: Copies of any related agreements referenced in the deed
Authors
Real Estate
Commercial Property
Manufacturing
Retail
Mining
Agriculture
Professional Services
Technology
Financial Services
Construction
Healthcare
Education
Legal
Finance
Operations
Compliance
Risk Management
Real Estate
Property Management
Corporate Development
Mergers & Acquisitions
Investment
Asset Management
Business Development
Legal Counsel
Property Manager
Commercial Director
Chief Financial Officer
Business Development Manager
Corporate Lawyer
Compliance Officer
Risk Manager
Real Estate Agent
Property Developer
Investment Manager
Asset Manager
Operations Director
Company Secretary
Managing Director
Acquisitions Manager
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