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Conditional Purchase Agreement
"I need a Conditional Purchase Agreement for buying a commercial property in Auckland, with conditions for building inspection and finance approval by March 2025, including specific provisions for existing tenant arrangements."
1. Parties: Identification and details of the vendor and purchaser, including full legal names, addresses, and company details if applicable
2. Background: Context of the transaction, brief description of the subject matter, and purpose of the agreement
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules for interpreting the agreement
4. Agreement to Purchase: Core agreement to purchase and sell the subject matter, including the purchase price and payment terms
5. Conditions: Details of all conditions that must be satisfied before the agreement becomes unconditional, including timeframes and obligations
6. Due Diligence: Process and requirements for the purchaser's due diligence investigations
7. Pre-completion Obligations: Obligations of both parties between signing and completion, including maintenance of the subject matter
8. Completion: Process for completion of the purchase, including timing, location, and requirements for transfer
9. Warranties: Warranties given by the vendor regarding the subject matter of the purchase
10. Default and Termination: Consequences of default and circumstances in which the agreement may be terminated
11. General Provisions: Standard contractual provisions including notices, amendment, assignment, governing law, and dispute resolution
1. GST: Required when the transaction involves GST-registered parties or GST-applicable assets
2. Lease Arrangements: Required when the subject matter is tenanted or includes ongoing lease obligations
3. Intellectual Property: Required when the purchase includes intellectual property assets
4. Employee Provisions: Required when the purchase includes transfer of employees
5. Resource Management Compliance: Required for properties with specific resource management requirements or concerns
6. Building Compliance: Required for properties with specific building compliance requirements or issues
7. Related Agreements: Required when the purchase is connected to other agreements or arrangements
8. Overseas Investment Provisions: Required when the purchaser is an overseas person under the Overseas Investment Act
1. Schedule 1 - Property Description: Detailed description of the property or assets being purchased, including legal descriptions and improvements
2. Schedule 2 - Purchase Price Allocation: Breakdown of the purchase price across different assets or components
3. Schedule 3 - Conditions Precedent: Detailed list and description of all conditions that must be satisfied
4. Schedule 4 - Completion Requirements: Detailed list of actions and deliverables required at completion
5. Schedule 5 - Warranties: Detailed warranties given by the vendor
6. Appendix A - Title Documents: Copies of relevant title documents and registered interests
7. Appendix B - Disclosure Information: Copies of all disclosure information provided by the vendor
8. Appendix C - Form of Transfer Documents: Templates of transfer documents to be executed at completion
Authors
Real Estate
Manufacturing
Retail
Agriculture
Technology
Professional Services
Construction
Hospitality
Industrial
Commercial Property
Healthcare
Education
Legal
Finance
Operations
Risk and Compliance
Commercial
Property
Business Development
Corporate Development
Investment
Mergers and Acquisitions
Strategic Planning
Real Estate
Chief Executive Officer
Chief Financial Officer
Commercial Director
Legal Counsel
Property Manager
Business Development Manager
Investment Manager
Operations Manager
Risk Manager
Compliance Officer
Contract Manager
Corporate Lawyer
Real Estate Manager
Acquisition Manager
Director of Operations
Head of Property
Financial Controller
General Counsel
Commercial Manager
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