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The Unit Purchase Agreement is a fundamental document in Hong Kong property transactions, used whenever a property unit changes ownership. This agreement is essential for both residential and commercial property transfers in Hong Kong, requiring careful consideration of local property laws, stamp duty regulations, and conveyancing requirements. The document serves multiple purposes: it formalizes the sale and purchase arrangement, protects both parties' interests, ensures compliance with Hong Kong property regulations, and provides a clear framework for the transaction's completion. The agreement must incorporate specific elements required by Hong Kong law, including precise property details, payment terms, completion arrangements, and title requirements. It's particularly important in Hong Kong's dynamic property market, where transactions must comply with strict regulatory requirements and where property values can be significant.

1. Parties: Identification of the Vendor and Purchaser with full legal names and addresses

2. Background: Context of the transaction, including brief description of the property and development

3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, etc.

4. Sale and Purchase: Core agreement to sell and purchase the unit, including the exact property details

5. Purchase Price: Amount, payment schedule, and payment methods

6. Deposit: Amount, payment terms, and handling of the deposit

7. Completion: Completion date, procedures, and requirements for closing the transaction

8. Vendor's Representations and Warranties: Warranties regarding title, property condition, and authority to sell

9. Purchaser's Representations and Warranties: Warranties regarding capacity to purchase and compliance with regulations

10. Title and Title Documents: Requirements for proving and transferring good title

11. Conditions of Property: State of the property and any inclusions/exclusions

12. Default and Termination: Consequences of default by either party and termination rights

13. Stamp Duty and Costs: Responsibility for stamp duty, legal fees, and other transaction costs

14. Notices: Method and addresses for formal communications between parties

15. Governing Law and Jurisdiction: Confirmation of Hong Kong law and jurisdiction

16. General Provisions: Standard contractual provisions including entire agreement, amendments, etc.