Commercial Freehold Sale Contract (Vacant Possession)
Publisher one
ƵSource file
Jurisdiction
England and WalesRelevant sectors
Type of legal document
🏢 Commercial property sale agreementBusiness activity
Sell freehold landA commercial property sale agreement is a contract between the buyer and seller of a commercial property. The agreement should cover the price, down payment, loan terms, interest rate, escrow, and other conditions of the sale. It is important to have a lawyer review the agreement to make sure it is fair and protects your interests.
This contract template outlines the rights, responsibilities, and obligations of both the buyer and seller throughout the entire sale process. It includes provisions regarding the property description, purchase price, payment terms, deposit requirements, and any conditions or contingencies that must be met prior to the sale's completion.
The template also addresses various legal aspects related to the transfer of ownership, such as title guarantee, property surveys, indemnification of liabilities, and warranties provided by the seller. It may also cover the timing and procedure for completing the sale, including settlement and the transfer of legal documents.
Furthermore, the Commercial Freehold Sale Contract takes into account applicable laws and regulations in the United Kingdom, ensuring compliance with local legislation pertaining to property transfers and commercial real estate transactions.
It is essential for both parties involved in the sale of a commercial property to carefully review and negotiate the terms of this contract to safeguard their interests and expectations. Seeking legal advice or professional guidance is strongly recommended to ensure that the contract accurately reflects the intentions of the parties, protects their rights, and minimizes any potential disputes or legal complications.
How it works
Create doc / use template
Chat to our
Edit, collaborate & share
Export to .docx
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
The agreement covers essential details such as the responsibilities and obligations of both parties, including the types of goods accepted for storage, the quantity, and any special handling instructions. It may also specify the duration of storage, payment terms, and the procedures for delivery and retrieval of goods.
Additionally, the agreement may allocate responsibilities for insurance, liability, and risk management, addressing potential issues such as damage, loss, theft, or accidental destruction of stored goods. It may also cover issues like access to the warehouse, security measures, and the warehousing company's rights to inspect and monitor the stored items.
Under UK law, the agreement will reference relevant legal provisions, industry-specific regulations, and any other legal requirements, ensuring compliance with applicable laws and regulations governing storage and warehousing.
Overall, the Warehousing Agreement (Long-Term or Regular Storage) provides a comprehensive and legally binding framework for both parties to establish clear expectations, protect their rights, and ensure a smooth and secure storage process.
Publisher
ƵJurisdiction
England and WalesIn the United Kingdom, companies are required to adhere to certain guidelines and regulations set by the Companies Act. Section 216 of the Act prohibits the use of certain company names that may be misleading or cause confusion among the public. If an individual wishes to become a director of a company with a prohibited name, they are obligated to complete an application process seeking permission from the court.
The Witness Statement included in this template is a crucial element of the application. It is a written account provided by the individual seeking directorship, explaining their reasons for using the prohibited company name. The statement typically includes information about the individual's qualifications, experience, and their understanding of the potential misinterpretations that the prohibited name may cause.
The Witness Statement must be thorough, honest, and compelling, as it serves as evidence to support the application by demonstrating the individual's suitability to be involved with a company that has a prohibited name. It is essential to follow the required format and include all necessary information requested by the court to increase the chances of the application's success.
Overall, this legal template caters to individuals who are applying for permission to become directors of companies with prohibited names as stipulated under Section 216 of UK law. The Witness Statement within the template is a critical component of this process, allowing individuals to present their case and justify why they should be granted this permission.
Publisher
ƵJurisdiction
England and WalesThis Video Editor contract template is designed for a commercial video editing organisation (or an individual video editor) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of video editing and video-editing-related services to be completed by the video editor on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the video editing firm or individual video editor on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).