The Contingency Sales Agreement is a specialized commercial contract used in South African business transactions where the completion of a sale is dependent on certain conditions being met or events occurring. This document is particularly relevant in situations involving complex sales transactions, property deals, business acquisitions, or performance-based sales arrangements. It provides a legally robust framework under South African law for managing conditional sales, protecting both parties' interests during the contingency period, and ensuring clarity on the steps required for the sale to become final. The agreement typically includes detailed provisions for verifying contingency fulfillment, managing risks during the interim period, and establishing clear procedures for either completing the sale or terminating the agreement if conditions are not met. This type of agreement must comply with various South African legislation, including the Consumer Protection Act, and may need to address specific sector-related regulatory requirements.
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: Identification and details of all contracting parties, including their legal capacity and authority to contract
2. Background: Context of the agreement and relationship between the parties
3. Definitions and Interpretation: Detailed definitions of terms used in the agreement and rules for interpretation
4. Sale Agreement: Core terms of the sale including subject matter and basic commercial terms
5. Contingency Conditions: Detailed description of contingency events or conditions that must be met for the sale to proceed
6. Purchase Price and Payment Terms: Specification of price, payment methods, and timing relative to contingency fulfillment
7. Timing and Delivery: Timelines for performance, including delivery terms and deadlines relative to contingency fulfillment
8. Representations and Warranties: Statements of fact and promises made by each party regarding the subject matter and their capacity
9. Risk and Insurance: Allocation of risk and insurance requirements during the contingency period
10. Breach and Termination: Consequences of breach and circumstances allowing termination
11. Dispute Resolution: Process for resolving disputes, including jurisdiction and governing law
12. General Provisions: Standard boilerplate clauses including notices, entire agreement, and amendment procedures
1. Intellectual Property: Required when the sale involves IP rights or licenses
2. Regulatory Compliance: Needed when the sale is subject to specific regulatory requirements or permits
3. Confidentiality: Important when sensitive information will be shared during the contingency period
4. Force Majeure: Recommended when external events could impact the fulfillment of contingencies
5. Assignment and Subcontracting: Required when parties need flexibility to transfer rights or obligations
6. Data Protection: Necessary when personal information processing is involved (POPIA compliance)
7. Tax Provisions: Required when specific tax arrangements or implications need to be addressed
8. Export/Import Controls: Needed for international sales or restricted goods
1. Schedule A - Description of Goods/Services: Detailed specifications of items or services being sold
2. Schedule B - Pricing Schedule: Detailed breakdown of pricing, including any variables or calculations
3. Schedule C - Contingency Criteria: Detailed metrics or specifications for measuring contingency fulfillment
4. Schedule D - Timeline and Milestones: Detailed project plan or delivery schedule
5. Schedule E - Required Documentation: List of documents required for contingency verification
6. Appendix 1 - Compliance Certificates: Copies of relevant regulatory or compliance certificates
7. Appendix 2 - Technical Specifications: Detailed technical requirements or specifications
8. Appendix 3 - Quality Standards: Applicable quality standards and testing procedures
Relevant legal definitions
Clauses
Relevant Industries
Retail
Manufacturing
Real Estate
Technology
Professional Services
Agriculture
Mining
Construction
Financial Services
Healthcare
Education
Energy
Telecommunications
Transport and Logistics
Relevant Teams
Legal
Sales
Commercial
Finance
Risk and Compliance
Operations
Procurement
Business Development
Contract Administration
Project Management
Relevant Roles
Legal Counsel
Commercial Director
Sales Manager
Contract Manager
Business Development Manager
Financial Controller
Risk Manager
Compliance Officer
Operations Manager
Project Manager
Procurement Manager
Chief Financial Officer
Chief Executive Officer
Legal Director
Commercial Manager
Find the exact document you need
Agreement Between Buyer And Seller Of Goods
A South African law-governed agreement establishing terms and conditions for the sale and purchase of goods between parties.
Download
Contingency Sales Agreement
A South African law-governed agreement establishing terms for a sale contingent upon specific conditions or events.
Download
Simple Deed Of Sale Of Motor Vehicle
A South African legal document for the sale and transfer of ownership of a motor vehicle, ensuring compliance with local regulations and protecting both parties' interests.
Download
Deed Of Sale Of Franchise
A South African law-governed agreement for the sale and purchase of a franchise business, including rights, obligations, and operational terms under the Consumer Protection Act.
Download
Sell Agreement Form
A South African law-compliant agreement documenting the terms and conditions for the sale of goods, assets, or property between a seller and purchaser.
Download
Manufactured Home Purchase Agreement
A South African law-governed agreement for the purchase and sale of manufactured homes, including terms for delivery, installation, and warranty provisions.
Download
Owner To Owner Home Sale Contract
A South African law-compliant contract for the direct sale of residential property between private owners, covering all essential terms and conditions of the property transfer.
Download
Business Sale Deposit Contract
A South African law-governed agreement establishing terms for business sale deposit payments and management.
Download
Addendum Deed Of Sale
A South African law-compliant document that modifies an existing Deed of Sale for immovable property, documenting agreed changes between parties.
Download
Letter Of Intent For Buying Property
A preliminary document under South African law expressing intent to purchase property and outlining key proposed terms for negotiation.
Download
Preliminary Sale Contract
A preliminary sale agreement compliant with South African law, establishing initial terms and conditions for a sale transaction.
Download
Sub Sale Agreement
A South African legal document facilitating property resale before initial transfer completion, establishing rights and obligations between original seller, intermediate purchaser/seller, and final purchaser.
Download
Buy Sell Agreement Form
A South African law-governed agreement that facilitates the sale and purchase of assets, shares, or business interests between parties.
Download
Assignment Of Purchase And Sale Agreement
A South African law-governed agreement transferring rights and obligations under an existing Purchase and Sale Agreement from an original purchaser to a new purchaser.
Download
Domain Sale Agreement
A South African law-governed agreement for the sale and transfer of domain name ownership, including transfer procedures and compliance with local regulations.
Download
Buy Sale Agreement Form
A South African law-compliant agreement documenting the terms and conditions for the sale and purchase of goods, assets, or property.
Download
International Sales Representative Agreement
A South African law-governed agreement establishing terms for international sales representation, including territory rights, commissions, and regulatory compliance.
Download
International Sales Commission Agreement
South African-governed agreement establishing terms for international sales representation and commission arrangements between a principal company and sales agent.
Download
Oil And Gas Purchase And Sale Agreement
South African-governed agreement for oil and gas product sales, specifying terms, conditions, and compliance requirements for petroleum trading.
Download
Trademark Sale Agreement
A South African law-governed agreement for the sale and transfer of trademark ownership, including terms, conditions, and registration requirements.
Download
Buy Sale Agreement
A South African law-governed agreement documenting terms and conditions of a sale transaction between seller and purchaser, ensuring legal compliance and mutual protection of parties.
Download
Building Purchase Agreement
A legally binding agreement under South African law for the purchase and transfer of building ownership between seller and purchaser, incorporating all essential terms and conditions of sale.
Download
Salesperson Contract
A South African law-governed employment agreement for sales professionals, defining employment terms, commission structures, and sales-related obligations.
Download
Partnership Buy Sell Agreement
A South African law-governed agreement establishing the framework for buying and selling partnership interests upon specific trigger events.
Download
Contract Of Deed Of Sale
A South African legal document facilitating the transfer of immovable property ownership from seller to purchaser, compliant with the Alienation of Land Act.
Download
Standard Contract Of Sale
A legally compliant South African contract template for formalizing the sale and purchase of goods or property between parties.
Download
Sales And Distribution Agreement
A South African law-governed agreement establishing the terms and conditions for product distribution between a supplier/manufacturer and distributor.
Download
Power Sales Agreement
A legally binding agreement under South African law governing the sale and purchase of electrical power between a generator and purchaser, compliant with NERSA regulations.
Download
Agreement For Sale And Sale Deed
A South African legal document that combines a property sale agreement with a deed of sale, facilitating the formal transfer of real property ownership.
Download
Sales And Marketing Agreement
A South African law-governed agreement establishing terms for sales and marketing services between a service provider and client, ensuring compliance with local regulations.
Download
Car Sale Contract
A legally compliant agreement for the sale and purchase of a motor vehicle in South Africa, suitable for both private and commercial transactions.
Download
Business Sale Agreement
A South African law-governed agreement for the sale and purchase of a business as a going concern, including transfer of assets, liabilities, employees, and related rights.
Download
Sales Commission Agreement
A South African law-governed agreement defining commission-based sales arrangements between a principal company and sales representative, including compensation terms and mutual obligations.
Download
Conditional Sales Contract
A South African law-governed agreement for the sale of assets where ownership transfers only upon fulfillment of specified conditions, typically full payment.
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)