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Buyer And Seller Agreement Form
"I need a Buyer and Seller Agreement Form for the sale of a commercial property in Cape Town, with a due diligence period until March 2025 and specific conditions regarding tenant agreements and property certificates."
1. Parties: Identification and details of the Seller and Buyer, including full legal names, registration numbers for companies, and contact details
2. Background: Context of the sale and brief description of the transaction purpose
3. Definitions: Definitions of key terms used throughout the agreement
4. Subject Matter of Sale: Detailed description of the goods or property being sold
5. Purchase Price: The agreed purchase price and currency
6. Payment Terms: Payment method, timing, and any installment arrangements
7. Delivery and Transfer of Ownership: Terms regarding delivery or transfer of the subject matter and passing of risk
8. Warranties and Representations: Warranties given by both parties regarding the sale
9. Inspection and Acceptance: Terms for inspection of goods/property and acceptance procedures
10. Default and Remedies: Consequences of breach and available remedies
11. Governing Law: Confirmation of South African law as governing law
12. Dispute Resolution: Process for resolving disputes between parties
13. General Provisions: Standard boilerplate clauses including notices, entire agreement, and amendments
1. Conditions Precedent: Used when the sale is subject to fulfillment of certain conditions
2. Financial Arrangements: Include when there are special financing terms or requirements
3. Insurance: Required when specific insurance obligations need to be detailed
4. Due Diligence: Include for complex sales requiring investigation period
5. Intellectual Property: Necessary when the sale includes IP rights
6. Compliance with Laws: Include when specific regulatory compliance needs emphasis
7. Transfer Duties: Required for property sales with applicable transfer duties
8. Agent Commission: Include when a broker or agent is involved in the transaction
1. Schedule A - Description of Goods/Property: Detailed specifications or property description
2. Schedule B - Payment Schedule: Detailed payment terms if installment payments apply
3. Schedule C - Delivery Schedule: Detailed delivery timelines and requirements
4. Schedule D - Warranties: Detailed warranties and guarantees
5. Appendix 1 - Condition Report: Current condition of goods/property being sold
6. Appendix 2 - Compliance Certificates: Required certificates or compliance documents
7. Appendix 3 - Title Deed: For property sales, copy of title deed
8. Appendix 4 - Due Diligence Reports: Results of any due diligence investigations
Authors
Retail
Real Estate
Manufacturing
Wholesale Trade
Agriculture
Mining
Automotive
Consumer Goods
Industrial Equipment
Technology
Construction
Professional Services
Small Business
E-commerce
Legal
Sales
Procurement
Finance
Operations
Compliance
Risk Management
Business Development
Supply Chain
Corporate Secretariat
Property Management
Sales Manager
Procurement Manager
Business Owner
Legal Counsel
Contract Manager
Property Manager
Commercial Director
Chief Financial Officer
Operations Manager
Compliance Officer
Risk Manager
Business Development Manager
Supply Chain Manager
Corporate Secretary
General Manager
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