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1. Parties: Identification of all co-purchasers with their complete legal names and addresses
2. Background: Context of the agreement, including the purpose of the co-purchase arrangement and brief description of the property/item to be purchased
3. Definitions: Definitions of key terms used throughout the agreement
4. Purchase Details: Specific details of the item/property being purchased, including full description, purchase price, and seller information
5. Ownership Structure: Clear definition of ownership shares and type of co-ownership arrangement
6. Financial Contributions: Detailed breakdown of each party's financial contributions, including initial payment and ongoing costs
7. Payment Terms: Schedule and method of payments, including handling of deposits and installments
8. Management and Decision Making: Process for making decisions about the co-purchased property/item and day-to-day management responsibilities
9. Rights and Obligations: Specific rights and responsibilities of each co-purchaser
10. Expenses and Maintenance: Allocation of ongoing expenses, maintenance costs, and unexpected repairs
11. Transfer Restrictions: Limitations on selling or transferring ownership interests
12. Default and Remedies: Consequences of default and available remedies
13. Term and Termination: Duration of the agreement and conditions for termination
14. Governing Law: Specification of Philippine law as governing law and jurisdiction
15. Execution: Signature blocks and execution requirements
1. Usage Rights: Specific terms about usage rights and scheduling when the co-purchased item is meant to be shared (relevant for vehicles, vacation homes, etc.)
2. Insurance Requirements: Details of required insurance coverage and cost sharing (particularly relevant for high-value items)
3. Right of First Refusal: Terms giving co-owners the first right to purchase if one party wishes to sell their share
4. Dispute Resolution: Alternative dispute resolution procedures such as mediation or arbitration
5. Death or Incapacity: Provisions dealing with death or incapacity of a co-purchaser
6. Refinancing Provisions: Terms governing potential refinancing of any loans (particularly relevant for real estate)
7. Property Management: Terms for hiring and managing property managers or maintenance services (relevant for real estate)
8. Environmental Matters: Environmental responsibilities and liabilities (relevant for real estate)
1. Schedule A - Property Details: Detailed description of the property/item being purchased, including any relevant technical specifications or legal descriptions
2. Schedule B - Financial Contributions: Detailed breakdown of each party's financial contributions and payment schedule
3. Schedule C - Ownership Percentages: Clear documentation of ownership percentages and any special arrangements
4. Schedule D - Management Procedures: Detailed procedures for management and decision-making
5. Schedule E - Maintenance Schedule: Regular maintenance requirements and responsibilities (if applicable)
6. Appendix 1 - Property Documents: Copies of relevant property documents, titles, or certificates
7. Appendix 2 - Valuation Report: Independent valuation or assessment of the property/item (if applicable)
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