The Buy and Sell Agreement is a fundamental legal document used in the Philippines to formalize the transfer of ownership of property or assets between parties. This agreement is essential for both commercial and individual transactions, providing a clear framework for the terms and conditions of the sale while ensuring compliance with Philippine law. It is commonly used for various types of properties, from real estate to movable assets, and must conform to the requirements of the Civil Code of the Philippines, including proper documentation, notarization, and registration where applicable. The agreement protects both parties' interests by clearly stating the purchase price, payment terms, warranties, and other essential conditions of the sale. It's particularly important in the Philippine context where formal documentation of property transfers is crucial for legal enforcement and tax compliance.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and provides complete details of the seller and buyer, including their legal names, addresses, and tax identification numbers
2. Background: Contextualizes the agreement by stating the seller's ownership of the property and the buyer's intention to purchase
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation
4. Subject Matter: Detailed description of the property being sold, including all relevant specifications, conditions, and identifying details
5. Purchase Price: States the agreed purchase price and terms of payment, including payment schedule if applicable
6. Terms of Payment: Specifies the method, timing, and conditions of payment, including any installment arrangements
7. Delivery Terms: Details when, where, and how the property will be delivered or transferred to the buyer
8. Warranties and Representations: Seller's guarantees regarding ownership, condition, and quality of the property
9. Rights and Obligations: Specific responsibilities and rights of both parties before, during, and after the sale
10. Default and Remedies: Consequences of breach and available remedies for either party
11. Governing Law: Specifies that Philippine law governs the agreement
12. Dispute Resolution: Process for resolving any disputes that may arise
13. Miscellaneous Provisions: Standard clauses including severability, entire agreement, and amendment procedures
14. Execution: Signature blocks and notarization requirements
1. Conditions Precedent: Used when the sale is subject to certain conditions being met before completion
2. Inspection Period: Include when buyer requires time to inspect the property before finalizing the purchase
3. Tax Provisions: Detailed section on tax responsibilities when the transaction has significant tax implications
4. Insurance: Required when the property needs insurance coverage during the transition period
5. Intellectual Property Rights: Include when the sale involves assets with associated intellectual property
6. Environmental Compliance: Necessary when selling property with potential environmental implications
7. Third-Party Consents: Include when the sale requires approval from other parties
8. Broker Provisions: Include when real estate brokers or agents are involved in the transaction
1. Property Description Schedule: Detailed technical specifications, photographs, or drawings of the property being sold
2. Payment Schedule: Detailed breakdown of installment payments if applicable
3. Inventory List: Itemized list of all included items when selling multiple items or business assets
4. Due Diligence Documents: Copies of relevant certificates, permits, and documentation proving ownership and compliance
5. Deed of Absolute Sale: Template or final version of the deed to be executed upon completion
6. Transfer Documents: Forms and documents required for legal transfer of ownership
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Retail
Manufacturing
Agriculture
Automotive
Technology
Construction
Mining
Industrial Equipment
Small and Medium Enterprises
Professional Services
Hospitality
Transportation
Energy
Relevant Teams
Legal
Procurement
Finance
Sales
Business Development
Operations
Compliance
Risk Management
Asset Management
Property Management
Relevant Roles
Legal Counsel
Corporate Lawyer
Business Development Manager
Property Manager
Real Estate Agent
Procurement Manager
Contract Administrator
Chief Financial Officer
Sales Manager
Asset Manager
Business Owner
Company Director
Operations Manager
Compliance Officer
Risk Manager
Find the exact document you need
LOI For Commercial Real Estate Purchase
A preliminary document outlining proposed terms for commercial property purchase in the Philippines, serving as a framework for negotiations and future definitive agreements.
Download
Agreement Of Purchase And Sale Of Shares By Shareholder
A Philippine law-governed agreement documenting the sale and transfer of company shares between shareholders, including terms, conditions, and regulatory compliance requirements.
Download
Agreement Contract To Buy And Sell (Real Estate)
A legally binding agreement under Philippine law that documents the terms and conditions for the sale and purchase of real estate property.
Download
Simple Contract To Purchase (Real Estate)
A contract governing the purchase and sale of real estate property in the Philippines, ensuring compliance with Philippine property laws and regulations.
Download
Simple Purchase Agreement For House
A legal agreement under Philippine law for the sale and purchase of residential property, outlining key terms and conditions of the transaction.
Download
Loi To Purchase (Real Estate)
A preliminary document used in Philippine real estate transactions expressing a buyer's intent to purchase property and outlining key proposed terms, subject to Philippine property laws and regulations.
Download
Real Estate Sale Contract By Owner
A Philippine law-compliant contract for direct property sale between owner and buyer, covering essential terms and conditions for real estate transfer.
Download
Purchase And Sale Agreement Commercial (Real Estate)
A legally binding agreement under Philippine law for the purchase and sale of commercial real estate property, detailing all transaction terms and compliance requirements.
Download
House Selling Contract
A legally binding agreement under Philippine law for the sale and transfer of residential property ownership, incorporating all essential elements required by local property regulations.
Download
Contract To Buy And Sell (Real Estate)
A Philippine law-governed agreement for the purchase and sale of real estate property, detailing terms, conditions, and transfer requirements.
Download
Buy Sell Agreement (Real Estate)
A legal agreement under Philippine law facilitating the transfer of real estate property between seller and buyer, detailing terms, conditions, and obligations of the sale.
Download
Sale Agreement Of Immovable Property
A Philippine law-governed agreement for the sale and transfer of immovable property, detailing terms, conditions, and compliance requirements for property ownership transfer.
Download
Agreement To Sell And Contract Of Sale
A Philippine law-compliant document combining an agreement to sell with a contract of sale, facilitating a conditional sale transaction with eventual transfer of ownership.
Download
Standard Agreement For The Sale Of (Real Estate)
A standardized real estate sale agreement compliant with Philippine law, facilitating legal transfer of property ownership while protecting both buyer's and seller's interests.
Download
Mobile Home Selling Contract
A legally binding agreement under Philippine law for the sale and transfer of ownership of a mobile home, including terms of sale, specifications, and compliance requirements.
Download
LOI Purchase Agreement
A preliminary agreement under Philippine law outlining key terms and conditions for a proposed purchase transaction, serving as a framework for negotiating the final purchase agreement.
Download
LOI For Business Purchase
A preliminary document under Philippine law outlining the proposed terms and conditions for a business acquisition, serving as a framework for negotiations and future definitive agreements.
Download
Simple Car Purchase Agreement
A standardized agreement for vehicle sales in the Philippines, documenting terms of sale and transfer of ownership in compliance with Philippine law.
Download
Deed Of Sale Agreement For A Car
A Philippine law-compliant agreement documenting the sale and transfer of ownership of a motor vehicle between seller and buyer.
Download
Buy Sell Contract
A Philippine law-governed agreement that documents the terms and conditions for the sale and purchase of goods or assets between two parties.
Download
LOI For Purchase Of Goods
A preliminary document under Philippine law outlining the intended terms and conditions for a proposed purchase of goods transaction.
Download
Asset Purchase LOI
A preliminary agreement under Philippine law outlining the proposed terms for purchasing specific assets, serving as a framework for negotiation and due diligence.
Download
Agreement Of Property Sale
A legal agreement under Philippine law documenting the terms and conditions for the transfer of property ownership from seller to buyer.
Download
Agreement Of Sale Of Immovable Property
A Philippine law-compliant agreement documenting the sale and transfer of immovable property between seller and buyer, including all essential terms and conditions.
Download
Sale And Purchase Agreement Of Shares
A legally binding agreement under Philippine law that documents the terms and conditions for the sale and transfer of company shares between parties.
Download
Letter Of Intent To Sale Property
A preliminary, non-binding document under Philippine law expressing intent to purchase property and outlining basic terms of the proposed transaction.
Download
Home For Sale By Owner Contract
A Philippine law-compliant contract for direct residential property sales between owners and buyers, without broker involvement.
Download
Buy Sell Agreement Between Business Partners
A Philippine law-governed agreement establishing terms for business partners to buy or sell their ownership interests in a business entity.
Download
Simple Land Sale Agreement
A legally binding agreement for land sale transactions in the Philippines, outlining property transfer terms and conditions in compliance with Philippine property laws.
Download
Sales With Buyback Agreement
A Philippine law-governed agreement for sale of assets with a guaranteed repurchase right (pacto de retro), specifying initial sale and buyback terms.
Download
Real Estate Purchase Agreement Contract
A legally binding contract under Philippine law that documents the terms and conditions for the transfer of real property ownership from seller to buyer.
Download
Purchase Agreement For Sale By Owner
A Philippine law-compliant agreement for direct property sales between owners and buyers without real estate agent involvement.
Download
Personal Property Sale Agreement
A legally binding agreement under Philippine law for the sale and transfer of personal property, detailing terms, conditions, and obligations of both parties.
Download
Lot Sale Contract
A Philippine law-governed contract for the sale and transfer of land property, establishing terms, conditions, and obligations of both seller and buyer.
Download
Cross Purchase Agreement
A Philippine law-governed agreement establishing terms for business owners to purchase each other's interests upon specified triggering events.
Download
Buy Sell Agreement For Small Business
A Philippine law-governed agreement documenting the sale and purchase terms of a small business, including transfer conditions and obligations.
Download
Agreement For Sale And Agreement To Sell
A Philippine law-governed agreement that combines both immediate sale provisions and future sale commitments, establishing terms for property or goods transfer.
Download
Contract Of Purchase And Sale Private Sale
A Philippine law-governed agreement documenting the terms and conditions for the private sale of property or goods between parties.
Download
Agreement Of Purchase And Sale Commercial
A Philippine law-governed agreement for the purchase and sale of commercial real estate properties, ensuring compliance with local regulations while protecting parties' interests.
Download
Agreement To Buy And Sell Real Estate Residential
A Philippine-compliant legal agreement for the purchase and sale of residential real estate property, incorporating all essential elements required under Philippine law.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)