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Forward Sale Agreement
1. Parties: Identification and details of the seller and buyer
2. Background: Context of the agreement and commercial rationale
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core obligation to sell and purchase the specified goods at a future date
5. Price and Payment Terms: Purchase price, payment schedule, and payment mechanisms
6. Delivery: Delivery terms, timing, location, and transfer of risk
7. Quality and Specifications: Required quality standards and specifications of the goods
8. Title and Risk: Transfer of title and allocation of risk
9. Representations and Warranties: Standard representations and warranties from both parties
10. Conditions Precedent: Conditions that must be satisfied before the agreement becomes effective
11. Force Majeure: Events excusing performance and consequences
12. Default and Termination: Events of default, remedies, and termination rights
13. Governing Law and Jurisdiction: Choice of Danish law and jurisdiction provisions
14. Notices: Process for giving formal notices under the agreement
15. General Provisions: Standard boilerplate clauses including entire agreement, amendments, assignment
1. Storage: Required when goods need specific storage arrangements before delivery
2. Insurance: Detailed insurance requirements when specific coverage is needed
3. Price Adjustment: Mechanisms for price adjustment based on market conditions or indices
4. Quality Testing: Detailed testing procedures when goods require specific quality verification
5. Environmental Compliance: Required when the goods or their delivery have significant environmental implications
6. Intellectual Property: Needed when the goods involve IP rights or licenses
7. Confidentiality: Detailed confidentiality provisions when sensitive information is involved
8. Bank Guarantees: When additional financial security is required
9. Step-In Rights: Required in complex supply arrangements where alternative performance may be needed
1. Product Specifications: Detailed technical specifications of the goods
2. Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustments
3. Delivery Schedule: Detailed timeline for deliveries including any phasing
4. Quality Standards: Detailed quality requirements and testing procedures
5. Form of Notices: Template forms for various notices required under the agreement
6. Bank Guarantee Format: Standard format for any required bank guarantees
7. Key Personnel: List of key contacts and authorized representatives
8. Compliance Requirements: Detailed regulatory and compliance requirements
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