Document background
The Sale Agreement Without Possession is a specialized commercial contract designed for situations where a sale is completed but the goods remain in the seller's possession temporarily. This arrangement is common in various scenarios such as agricultural harvests sold before collection, manufactured goods awaiting shipping, or valuable items requiring specific storage conditions. The agreement, governed by Canadian law, carefully balances the rights and obligations of both parties during the period between sale and physical transfer. It addresses critical aspects such as risk of loss, insurance requirements, storage conditions, and access rights, while ensuring compliance with relevant federal and provincial legislation. This document type is particularly valuable in commercial transactions involving bulk goods, seasonal products, or items requiring specialized storage conditions, providing legal certainty while maintaining practical flexibility in the timing of physical transfer.
