Document background
The Buy and Sale Agreement is a fundamental commercial document used to formalize sales transactions under Swiss law. It serves as the primary instrument for documenting the transfer of ownership of assets, goods, or property between parties. The agreement is particularly important in Switzerland due to the specific requirements of the Swiss Code of Obligations and related regulations. It can be used for various transaction types, from simple retail sales to complex corporate asset transfers, and must include specific provisions required by Swiss law regarding warranties, defect liability, and risk transfer. The document's format and content may vary depending on the transaction value, nature of the assets being sold, and whether the parties are private individuals or commercial entities. When drafting a Buy and Sale Agreement, special attention must be paid to Swiss-specific requirements regarding form, content, and execution, including potential notarization requirements for certain types of sales.
