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Sold As Is Contract Template for Denmark

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Key Requirements PROMPT example:

Sold As Is Contract

Document background
The Sold As Is Contract is essential for transactions where assets are being sold in their current condition without extensive warranties from the seller. This document type is particularly relevant under Danish law, where specific legal requirements must be met even in "as is" sales. It's commonly used for both commercial and private sales of various assets, from real estate to equipment, where the buyer accepts the asset's current condition after inspection. The contract includes mandatory disclosures required by Danish legislation, provides clear documentation of the asset's condition, and establishes the limits of seller liability while ensuring compliance with consumer protection laws where applicable. This template is designed to protect both parties' interests while clearly documenting the "as is" nature of the transaction.
Suggested Sections

1. Parties: Identification and details of the seller and buyer

2. Background: Context of the sale and brief description of the asset being sold

3. Definitions: Key terms used throughout the agreement

4. Object of Sale: Detailed description of the asset being sold 'as is'

5. Purchase Price and Payment: Amount to be paid and payment terms

6. As Is Provision: Express statement that the asset is sold 'as is' with appropriate disclaimers

7. Condition of Asset: Description of known condition and acknowledgment by buyer of inspection opportunity

8. Transfer of Risk and Title: When and how risk and ownership transfers to the buyer

9. Delivery: Terms and conditions of delivery or collection

10. Representations and Warranties: Limited representations by seller and acknowledgments by buyer

11. Governing Law and Jurisdiction: Specification of Danish law and jurisdiction

Optional Sections

1. Intellectual Property Rights: For sales involving assets with associated IP rights

2. Environmental Conditions: For real estate or industrial equipment sales where environmental factors are relevant

3. Regulatory Compliance: When the asset requires specific regulatory compliance or permits

4. Third-Party Rights: When there are known third-party rights or claims affecting the asset

5. Insurance: When specific insurance requirements need to be maintained during transfer

6. Confidentiality: When sensitive information is exchanged during the sale process

7. Tax Implications: When specific tax considerations need to be addressed

8. Dispute Resolution: When alternative dispute resolution methods are preferred

Suggested Schedules

1. Asset Description Schedule: Detailed technical specifications and description of the asset

2. Condition Report: Documentation of the asset's current condition, including known defects or issues

3. Inspection Report: Third-party inspection reports or assessments, if available

4. Historical Documentation: Maintenance records, previous repairs, or relevant history of the asset

5. Photographs: Visual documentation of the asset's current condition

6. Transfer Documents: Any required forms or documents for legal transfer of ownership

7. Compliance Certificates: Any relevant certificates or permits associated with the asset

Authors

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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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