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Private Purchase Agreement
1. Parties: Identification and contact details of the seller and buyer
2. Background: Context of the sale and brief description of the transaction
3. Definitions: Key terms used throughout the agreement
4. Subject Matter of Sale: Detailed description of the item(s) being sold
5. Purchase Price: Agreed price and payment terms
6. Delivery: Terms and conditions of delivery, including time and place
7. Condition of the Item: Description of the current condition and any known defects
8. Transfer of Title and Risk: When and how ownership and risk transfer to the buyer
9. Representations and Warranties: Basic warranties about ownership and condition of the item
10. Governing Law: Confirmation of Danish law as governing law
11. Signatures: Execution blocks for both parties
1. Inspection Rights: Used when buyer wishes to inspect the item before completion
2. Payment in Installments: Include when the purchase price will be paid in multiple installments
3. Security Arrangements: Required when seller retains security interest until full payment
4. Insurance: Include for high-value items requiring specific insurance during transition
5. Maintenance Records: Relevant for vehicles, machinery or equipment with service history
6. Third Party Rights: Include if there are any third party interests or claims to address
7. Dispute Resolution: Optional mediation or arbitration provisions if parties want alternatives to court
8. Confidentiality: Used for sales involving sensitive information or trade secrets
1. Schedule 1 - Item Specification: Detailed technical specifications or description of the item
2. Schedule 2 - Photographs: Visual documentation of the item's condition
3. Schedule 3 - Maintenance Records: History of repairs and maintenance if applicable
4. Schedule 4 - Payment Schedule: If payment in installments, detailed payment plan
5. Schedule 5 - Certificates: Any relevant certificates of ownership, authenticity, or quality
6. Appendix A - Inspection Report: Third-party inspection or valuation report if obtained
7. Appendix B - Transfer Documents: Any additional forms required for legal transfer of ownership
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