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Sold As Is Contract
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
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
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
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