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Irrevocable Agreement

Irrevocable Agreement Template for Switzerland

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Key Requirements PROMPT example:

Irrevocable Agreement

"I need an Irrevocable Agreement under Swiss law for a property investment commitment, where our investment firm will commit CHF 50 million to a development project starting March 2025, with specific provisions for staged payments and performance guarantees."

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Document background
The Irrevocable Agreement template is designed for situations requiring absolute commitment and certainty between parties under Swiss law. It is particularly useful for high-value transactions, long-term business arrangements, or situations where the parties need to ensure that their commitments cannot be unilaterally withdrawn or modified. The document incorporates essential elements required by the Swiss Code of Obligations and related federal legislation, making it suitable for both domestic and international transactions with a Swiss law nexus. This agreement type is commonly used in financial transactions, real estate deals, corporate restructurings, and other significant business arrangements where the irrevocable nature of commitments is crucial for the transaction's success. The template includes comprehensive provisions addressing formation, execution, performance, and enforcement aspects, ensuring compliance with Swiss legal requirements while providing practical clarity for all parties involved.
Suggested Sections

1. Parties: Detailed identification of all contracting parties, including full legal names, addresses, and registration details if applicable

2. Background: Context and circumstances leading to the agreement, including the basis for its irrevocable nature

3. Definitions: Clear definitions of key terms used throughout the agreement

4. Subject Matter: Precise description of the agreement's subject matter and scope

5. Irrevocability Provisions: Specific terms establishing the irrevocable nature of the agreement and its legal basis under Swiss law

6. Duration: Term of the agreement and conditions for its continuation

7. Rights and Obligations: Detailed description of each party's rights and obligations under the agreement

8. Consideration: Details of any payment or other consideration, including payment terms and conditions

9. Performance Requirements: Specific requirements and standards for performance under the agreement

10. Force Majeure: Provisions addressing force majeure events while maintaining the irrevocable nature of core obligations

11. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law provisions

12. Notices: Requirements for formal communications between parties

13. Final Provisions: Miscellaneous legal provisions including severability and entire agreement clauses

Optional Sections

1. Confidentiality: Provisions regarding confidential information, to be included if sensitive information will be exchanged

2. Intellectual Property: Provisions regarding IP rights, necessary when the agreement involves IP assets

3. Insurance: Insurance requirements, relevant when significant risks need to be covered

4. Regulatory Compliance: Specific regulatory obligations, required when the agreement involves regulated activities

5. Assignment: Provisions regarding transfer of rights, important for long-term or high-value agreements

6. Step-In Rights: Provisions allowing third-party intervention, relevant for project-based agreements

7. Change Control: Procedures for managing changes to scope or terms, useful for complex or long-term agreements

Suggested Schedules

1. Schedule 1 - Detailed Scope: Detailed description of services, goods, or obligations covered by the agreement

2. Schedule 2 - Timeline: Detailed timeline or milestone schedule if applicable

3. Schedule 3 - Pricing and Payment Terms: Detailed breakdown of pricing, payment schedules, and financial terms

4. Schedule 4 - Technical Specifications: Technical requirements or specifications if applicable

5. Schedule 5 - Service Levels: Performance metrics and service level requirements if applicable

6. Appendix A - Contact Details: List of key contacts and authorized representatives

7. Appendix B - Required Forms: Standard forms or templates to be used under the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions








































Clauses



































Relevant Industries

Financial Services

Real Estate

Banking

Insurance

Investment Management

Construction

Manufacturing

Energy

Infrastructure

Technology

Healthcare

Telecommunications

Professional Services

Private Equity

Relevant Teams

Legal

Finance

Compliance

Risk Management

Corporate Secretariat

Business Development

Operations

Treasury

Executive Leadership

Investment

Project Management

Relevant Roles

Legal Counsel

Contract Manager

Chief Legal Officer

Chief Financial Officer

Corporate Secretary

Risk Manager

Compliance Officer

Business Development Director

Project Manager

Investment Manager

Real Estate Manager

Treasury Manager

Operations Director

Managing Director

Chief Executive Officer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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