Document background
The Preliminary Sale Agreement is a crucial document used in Swiss business transactions where parties need to formalize their intention to enter into a final sale agreement while addressing preliminary matters such as due diligence, regulatory approvals, or financing arrangements. This type of agreement is particularly valuable in complex transactions where immediate completion is not feasible or desirable. Governed by Swiss law, particularly the Code of Obligations (Obligationenrecht), it creates legally binding obligations while allowing flexibility for the parties to address conditions precedent and establish clear parameters for the final sale. The document is commonly used in both real estate and corporate transactions, providing a structured framework for the pre-completion phase while protecting both parties' interests through enforceable preliminary commitments.
