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Outright Purchase Agreement
"I need an Outright Purchase Agreement governed by English law for acquiring a fleet of 10 electric delivery vehicles from a German manufacturer, with delivery scheduled for March 2025 and including specific warranty terms for battery life."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale including price and subject matter
5. Payment Terms: Payment amount, method, and timing
6. Delivery: Delivery terms, timing, and logistics
7. Title and Risk: Transfer of ownership and risk provisions
8. Warranties: Standard warranties regarding the goods
9. Governing Law: Specification of applicable law and jurisdiction
1. Condition of Goods: Detailed description of goods condition (used for second-hand items)
2. Intellectual Property: IP rights provisions (when relevant to the goods)
3. Confidentiality: Confidentiality obligations (for sensitive transactions)
4. Installation: Installation terms (for complex equipment)
5. Training: Training provisions (for technical equipment)
1. Schedule 1 - Description of Goods: Detailed specification of goods being purchased
2. Schedule 2 - Price Breakdown: Detailed breakdown of purchase price components
3. Schedule 3 - Delivery Schedule: Detailed delivery timeline and requirements
4. Schedule 4 - Warranty Terms: Detailed warranty terms and conditions
5. Schedule 5 - Technical Specifications: Technical details and requirements (if applicable)
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