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Notice Of Intent To Sell

Notice Of Intent To Sell Generator for Germany

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Key Requirements PROMPT example:

Notice Of Intent To Sell

"I need a Notice of Intent to Sell for my commercial property in Berlin, which is currently leased to three tenants, and I need to ensure their right of first refusal is properly addressed with a response deadline of March 15, 2025."

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Document background
The Notice of Intent to Sell (Verkaufsabsichtserklärung) is a fundamental document in German business transactions, used when a party wishes to formally announce their intention to sell an asset, property, or business interest. This document is particularly important in the German legal system, where formal notifications often carry significant legal weight and must comply with specific requirements under the German Civil Code (BGB). The notice typically precedes the actual sale process and is especially crucial in situations involving rights of first refusal, contractual notification requirements, or when dealing with regulated assets. It serves multiple purposes: fulfilling legal obligations, initiating the sales process, and providing key stakeholders with official notification of the intended transaction. The document must contain sufficient detail about the asset being sold and the basic terms of the proposed sale to enable recipients to make informed decisions about their potential interest or rights.
Suggested Sections

1. Sender Details: Full legal name and address of the party intending to sell

2. Date: Current date formatted according to German standards (DD.MM.YYYY)

3. Recipient Details: Full name and address of the party receiving the notice (if applicable, such as in cases of right of first refusal)

4. Subject Line: Clear indication that this is a Notice of Intent to Sell (Verkaufsabsichtserklärung)

5. Property/Asset Identification: Detailed description of the item(s) or property intended for sale, including all relevant identifying information

6. Declaration of Intent: Clear statement of the intention to sell, including proposed timeline

7. Basic Terms: Fundamental terms of the intended sale, including asking price and any critical conditions

8. Signature Block: Space for signature, name, and title of the sender

Optional Sections

1. Current Encumbrances: Include when the sale object has existing liens, mortgages, or other encumbrances that affect the sale

2. Right of First Refusal Notice: Required when there are existing contracts or laws granting certain parties right of first refusal

3. Deadline for Response: Include when expecting or requiring a response within a specific timeframe

4. Broker Information: Include when a real estate agent or broker is involved in the transaction

5. Property Condition Statement: Include for real estate sales to provide basic information about the property's condition

6. Legal Representatives: Include when the sale is being handled through legal representatives

Suggested Schedules

1. Property Description Schedule: Detailed description of the property or asset, including technical specifications, photographs, or floor plans (for real estate)

2. Title Documentation: Copies of relevant ownership documents or property registration papers

3. Valuation Report: If available, professional valuation or appraisal of the sale object

4. Existing Contracts: Copies of relevant existing contracts that affect the sale (leases, maintenance agreements, etc.)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Manufacturing

Retail

Professional Services

Technology

Industrial

Agriculture

Hospitality

Automotive

Construction

Financial Services

Relevant Teams

Legal

Real Estate

Asset Management

Sales

Business Development

Operations

Compliance

Property Management

Corporate Development

Investment

Risk Management

Relevant Roles

CEO

Managing Director

Property Manager

Real Estate Agent

Business Development Manager

Asset Manager

Legal Counsel

Corporate Lawyer

Sales Director

Operations Manager

Investment Manager

Property Developer

Business Owner

Facility Manager

Portfolio Manager

Compliance Officer

Industries
Bürgerliches Gesetzbuch (BGB) § 145-157: German Civil Code sections governing contract formation, including declarations of intent (Willenserklärungen) and pre-contractual obligations
BGB § 433-479: Provisions specifically related to sales contracts (Kaufvertrag) and the legal framework for sales transactions
Handelsgesetzbuch (HGB) § 373-382: German Commercial Code provisions regarding commercial sales and obligations between merchants
BGB § 126: Requirements for written form (Schriftform) in legal documents and notifications
BGB § 311: Pre-contractual obligations and duties during contract negotiations, including good faith requirements
Wettbewerbsrecht (UWG): German Act Against Unfair Competition, ensuring fair business practices in sales communications
GDPR/DSGVO: Data protection requirements when personal information is included in the notice
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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