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Purchase Sale Agreement for Switzerland

Purchase Sale Agreement Template for Switzerland

A Purchase Sale Agreement under Swiss law is a legally binding contract that formalizes the transfer of goods, assets, or property from a seller to a buyer for an agreed consideration. This document, governed by the Swiss Code of Obligations, details the terms and conditions of the sale, including price, payment terms, delivery conditions, warranties, and transfer of title. It incorporates specific Swiss legal requirements while providing comprehensive protection for both parties, addressing aspects such as defect liability, risk transfer, and dispute resolution mechanisms in accordance with Swiss jurisdiction.

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What is a Purchase Sale Agreement?

The Purchase Sale Agreement is a fundamental commercial document used in Switzerland to formalize the sale and transfer of goods, assets, or property between parties. It is particularly relevant for both domestic and international transactions where Swiss law applies. The agreement draws its legal foundation from the Swiss Code of Obligations (Articles 184-236) and may also incorporate provisions from the CISG for international sales. This document is essential when parties need to clearly define the terms of sale, including precise descriptions of the goods, pricing structures, delivery terms, warranty provisions, and risk allocation. It's commonly used in various contexts, from simple commercial transactions to complex asset transfers, and can be adapted to accommodate different types of goods and industry-specific requirements while maintaining compliance with Swiss legal standards.

What sections should be included in a Purchase Sale Agreement?

1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and registration details if companies

2. Background: Context of the sale, brief description of the asset/goods being sold, and purpose of the agreement

3. Definitions: Key terms used throughout the agreement, ensuring clear interpretation

4. Subject Matter of Sale: Detailed description of the goods/assets being sold, including specifications, quantity, and quality requirements

5. Purchase Price: Price, payment terms, method of payment, and any conditions related to payment

6. Delivery: Terms of delivery, including timing, location, and transfer of risk

7. Transfer of Title: Conditions and timing for the transfer of ownership

8. Warranties and Representations: Seller's guarantees regarding the goods/assets and buyer's acknowledgments

9. Defects and Claims: Process for handling defective goods and making claims

10. Termination: Circumstances under which the agreement can be terminated and consequences

11. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction for disputes

12. Miscellaneous: Standard provisions including severability, entire agreement, and amendments

What sections are optional to include in a Purchase Sale Agreement?

1. Intellectual Property Rights: Required when the sale involves products with associated IP rights or licenses

2. Compliance with Laws: Necessary for regulated products or cross-border sales

3. Confidentiality: Important when sensitive information is exchanged during the transaction

4. Force Majeure: Useful for long-term or high-value contracts to address unforeseen circumstances

5. Insurance: Relevant for high-value goods or where specific risks need to be covered

6. Third Party Rights: Necessary when the goods might be subject to third party claims or rights

7. Export/Import Controls: Required for international sales or controlled goods

What schedules should be included in a Purchase Sale Agreement?

1. Product Specification Schedule: Detailed technical specifications of the goods

2. Price List: Detailed breakdown of prices for multiple items or pricing mechanisms

3. Delivery Schedule: Detailed delivery timelines and locations for multiple deliveries

4. Quality Requirements: Specific quality standards, testing procedures, and acceptance criteria

5. Warranty Terms: Detailed warranty conditions and procedures

6. Form of Acceptance Certificate: Template for formal acceptance of goods

7. Required Certifications: Copies of necessary certificates or permits

Authors

Alex Denne

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

Jurisdiction

Switzerland

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions





































Clauses




































Relevant Industries

Manufacturing

Retail

Real Estate

Technology

Agriculture

Automotive

Industrial Equipment

Consumer Goods

Energy

Pharmaceuticals

Construction

Raw Materials

Relevant Teams

Legal

Procurement

Sales

Finance

Compliance

Risk Management

Operations

Supply Chain

Commercial

Business Development

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Sales Director

Commercial Director

Business Development Manager

Chief Financial Officer

Supply Chain Manager

General Counsel

Compliance Officer

Risk Manager

Operations Manager

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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