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Agreement Of Sale Contract
"I need an Agreement of Sale Contract under Pakistani law for the purchase of a commercial property in Lahore, with completion scheduled for March 2025, including provisions for tenant rights and existing lease agreements."
1. Parties: Identifies and provides full details of the seller and purchaser, including names, addresses, and registration details if companies
2. Background: Contextual information explaining the purpose of the agreement and the intention of the parties to enter into the sale transaction
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules for interpreting the document
4. Sale and Purchase: Core provision detailing the agreement to sell and purchase, including description of the subject matter
5. Purchase Price: Specifies the agreed price, payment terms, method of payment, and any conditions related to payment
6. Completion: Details of when and how the sale will be completed, including timing and logistics of transfer
7. Seller's Representations and Warranties: Warranties regarding ownership, condition, and legal status of the sale item
8. Purchaser's Representations and Warranties: Warranties regarding capacity to purchase and compliance with relevant laws
9. Conditions Precedent: Any conditions that must be satisfied before the sale can complete
10. Default and Termination: Consequences of breach and circumstances under which the agreement can be terminated
11. Governing Law and Jurisdiction: Specifies Pakistani law as governing law and relevant jurisdiction for disputes
12. Notices: Process and requirements for formal communications between parties
13. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability
1. Due Diligence: Used when the purchaser requires a period to investigate the sale item - particularly relevant for business or property sales
2. Adjustments and Apportionments: Required for property sales where rates, taxes, or other charges need to be adjusted between parties
3. Third Party Consents: Included when the sale requires approval from regulatory bodies or other third parties
4. Intellectual Property: Necessary when the sale includes transfer of intellectual property rights
5. Employee Matters: Required for business sales involving transfer of employees
6. Tax Matters: Detailed tax provisions when the transaction has significant tax implications
7. Post-Completion Obligations: Used when parties have ongoing obligations after completion
8. Confidentiality: Important for business sales or when sensitive information is involved
9. Non-Competition: Relevant for business sales to protect purchaser's interests
1. Schedule 1 - Description of Sale Item: Detailed description of the property, business, or goods being sold
2. Schedule 2 - Purchase Price Breakdown: Itemized breakdown of the purchase price if comprised of multiple components
3. Schedule 3 - Completion Requirements: Checklist of documents and actions required for completion
4. Schedule 4 - Excluded Assets: List of items specifically excluded from the sale
5. Schedule 5 - Encumbrances: Details of any existing mortgages, charges, or other encumbrances
6. Appendix A - Form of Transfer Deed: Template transfer deed compliant with Pakistani law
7. Appendix B - Required Consents: List of required regulatory or third-party approvals
8. Appendix C - Property Documents: Copies of relevant property documents and certificates
Authors
Real Estate
Manufacturing
Retail
Technology
Agriculture
Automotive
Construction
Professional Services
Healthcare
Education
Mining
Energy
Telecommunications
Hospitality
Transport and Logistics
Legal
Finance
Procurement
Sales
Business Development
Operations
Compliance
Risk Management
Real Estate
Commercial
Corporate Affairs
Administration
Legal Counsel
Corporate Lawyer
Business Development Manager
Property Manager
Contract Manager
Chief Financial Officer
Company Secretary
Real Estate Agent
Procurement Manager
Sales Director
Business Owner
Chief Executive Officer
Operations Manager
Commercial Director
Risk Manager
Compliance Officer
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