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Sale Purchase Agreement Draft for Ireland

Sale Purchase Agreement Draft Template for Ireland

A comprehensive legal document governed by Irish law that formalizes the terms and conditions of a property or asset sale between parties. This agreement outlines the purchase price, payment terms, warranties, conditions precedent, and completion requirements while ensuring compliance with Irish property law, including the Land and Conveyancing Law Reform Act 2009 and relevant consumer protection legislation. It serves as the primary contract document establishing the rights, obligations, and responsibilities of both the seller and purchaser throughout the transaction process.

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What is a Sale Purchase Agreement Draft?

The Sale Purchase Agreement Draft is a crucial legal document used in Irish property and asset transactions to formalize the transfer of ownership between parties. It is essential for both commercial and residential property sales, as well as business asset transfers in Ireland. This document incorporates requirements from Irish property law, including the Land and Conveyancing Law Reform Act 2009, Sale of Goods Acts, and relevant consumer protection legislation. The agreement typically includes detailed provisions on purchase price, payment terms, warranties, title requirements, completion procedures, and risk allocation. It serves as the primary contract document protecting both parties' interests and ensuring legal compliance throughout the transaction process. This template is designed to be customizable while maintaining consistency with Irish legal requirements and market practices.

What sections should be included in a Sale Purchase Agreement Draft?

1. Parties: Identifies and defines the Seller and Purchaser with full legal names and addresses

2. Background: Recitals explaining the context of the sale and basic transaction details

3. Definitions: Defines key terms used throughout the agreement

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

5. Conditions Precedent: Conditions that must be satisfied before completion

6. Deposit: Details of deposit amount, payment terms, and handling

7. Title and Capacity: Seller's warranties regarding ownership and authority to sell

8. Completion: Timing and mechanics of completion, including payment and transfer procedures

9. Warranties: Standard warranties given by the seller regarding the property/assets

10. Risk and Insurance: Allocation of risk and insurance responsibilities before completion

11. Default: Consequences of default by either party

12. Notices: How formal notices under the agreement must be given

13. Governing Law: Confirms Irish law governs the agreement

14. Execution: Signature blocks and execution formalities

What sections are optional to include in a Sale Purchase Agreement Draft?

1. VAT: Required when the transaction is subject to VAT

2. Planning and Development: For properties where planning permissions are relevant

3. Environmental Matters: For properties with potential environmental issues or requirements

4. Employees: When the sale includes transfer of employees (e.g., business sales)

5. Intellectual Property: For sales including IP rights

6. Post-Completion Obligations: When parties have continuing obligations after completion

7. Break Clause: When parties want the ability to terminate under specific circumstances

8. Confidentiality: For transactions requiring specific confidentiality provisions

9. Tax Covenants: For complex transactions with specific tax implications

What schedules should be included in a Sale Purchase Agreement Draft?

1. Schedule 1 - Property Description: Detailed description of the property/assets being sold

2. Schedule 2 - Purchase Price and Payment Terms: Detailed breakdown of purchase price and payment structure

3. Schedule 3 - Warranties: Comprehensive list of seller's warranties

4. Schedule 4 - Incumbrances: List of any existing charges, mortgages, or other incumbrances

5. Schedule 5 - Title Documents: List of title documents to be delivered on completion

6. Schedule 6 - Excluded Assets: List of any assets explicitly excluded from the sale

7. Appendix A - Property Plans/Maps: Maps, plans, or drawings of the property

8. Appendix B - Inventory: Detailed inventory of included fixtures, fittings, or other assets

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Ireland

Publisher

Ƶ

Document Type

Contract to Sell

Cost

Free to use
Relevant legal definitions




































Clauses






























Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Manufacturing

Agriculture

Hospitality

Industrial

Technology

Professional Services

Healthcare

Education

Relevant Teams

Legal

Real Estate

Compliance

Corporate Affairs

Risk Management

Business Development

Property Management

Operations

Finance

Commercial

Relevant Roles

Legal Counsel

Corporate Lawyer

Property Lawyer

Real Estate Manager

Conveyancing Solicitor

Commercial Director

Chief Legal Officer

Property Development Manager

Compliance Officer

Contract Manager

Business Development Manager

Real Estate Agent

Property Investment Manager

Corporate Secretary

Risk Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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