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The Preliminary Contract of Sale is a crucial document in Irish property transactions, required whenever real property is bought or sold in Ireland. It serves as the primary agreement between parties before the final transfer of property ownership. This document typically follows after initial negotiations and before the final closing, incorporating all essential terms including property details, price, completion date, and specific conditions. The contract must comply with Irish property law requirements, particularly the Land and Conveyancing Law Reform Act 2009 and related legislation. It's designed to protect both parties' interests by clearly stating all terms and conditions, including details about deposits, title requirements, and completion procedures. The document is especially important as it creates legally binding obligations once signed, making it essential for all property transactions in Ireland, whether residential or commercial.

1. Parties: Identification and details of the Vendor and Purchaser, including full legal names, addresses, and any relevant registration numbers for corporate entities

2. Background: Context of the transaction, including brief property description and intention to enter into a binding agreement

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

4. Sale and Purchase: Core agreement to sell and purchase the property, including the agreed purchase price

5. Property Description: Detailed description of the property being sold, including its address and folio number

6. Purchase Price and Payment Terms: Detailed breakdown of the purchase price, deposit amount, and payment schedule

7. Deposit: Amount of deposit, when it's payable, and terms for holding and releasing the deposit

8. Title: Vendor's confirmation of good marketable title and obligations regarding title documentation

9. Completion: Completion date, location, and process for closing the transaction

10. Vendor's Obligations: Specific obligations of the vendor up to completion

11. Purchaser's Obligations: Specific obligations of the purchaser up to completion

12. Warranties: Standard warranties given by the vendor regarding the property

13. Risk and Insurance: Provisions regarding property risk and insurance requirements until completion

14. Default: Consequences of default by either party

15. Notices: How formal notices under the contract should be given

16. Governing Law: Confirmation that Irish law governs the agreement

17. Execution: Signature blocks and execution formalities