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Guaranteed Sale Agreement
1. Parties: Identification of all parties to the agreement, including the seller, guarantor, and any other relevant parties
2. Background: Context of the agreement, including the property being sold and the purpose of the guaranteed sale arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property subject to the guaranteed sale
5. Guarantee Structure: Details of the guarantee mechanism, including the guaranteed price and conditions
6. Sale Process: Steps and timeline for attempting to sell the property on the open market
7. Pricing Mechanism: Details of initial listing price, price reductions, and final guaranteed price
8. Obligations of the Seller: Seller's commitments and responsibilities during the sale process
9. Obligations of the Guarantor: Guarantor's commitments, including conditions for executing the guarantee
10. Duration and Timelines: Timeline for the sale process and guarantee period
11. Property Condition: Requirements regarding property maintenance during the sale period
12. Costs and Fees: Allocation of costs, fees, and expenses
13. Termination: Circumstances under which the agreement can be terminated
14. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
1. Property Improvements: Required when specific improvements must be made to the property before or during the sale process
2. Marketing Requirements: Include when specific marketing obligations or restrictions need to be detailed
3. Third-Party Rights: Required when there are existing tenants or other third-party rights affecting the property
4. Special Conditions: Include when there are unique circumstances affecting the property or sale process
5. Insurance Requirements: Include when specific insurance obligations need to be detailed
6. Alternative Dispute Resolution: Optional section for specifying mediation or arbitration procedures
7. Force Majeure: Include when specific force majeure provisions are needed beyond standard legal provisions
1. Property Description Schedule: Detailed description of the property, including boundaries, fixtures, and fittings
2. Title Documents: List and copies of relevant title documents and property registration details
3. Pricing Schedule: Detailed pricing mechanism, including initial price, reduction steps, and final guaranteed price
4. Property Condition Report: Current condition report and any required maintenance or improvements
5. Marketing Plan: Detailed marketing requirements and plan for the sale period
6. Guarantee Terms: Detailed terms and conditions of the guarantee, including any specific requirements or exclusions
7. Costs Schedule: Detailed breakdown of all costs, fees, and their allocation between parties
Authors
Property
Guaranteed Price
Guarantee Period
Completion Date
Guarantor
Seller
Marketing Period
Completion
Business Day
Property Documents
Title Documents
Market Value
Initial Listing Price
Price Reduction Schedule
Guarantee Activation Date
Property Condition Report
Marketing Plan
Professional Advisers
Valuation Report
Permitted Encumbrances
Sale Costs
Force Majeure Event
Material Adverse Change
Property Register (Tingbog)
Registration Fees
Purchase Deed (Skøde)
Effective Date
Termination Date
Independent Valuer
Property Inspection
Settlement Statement
Marketing Requirements
Maintenance Standards
Guarantee Fee
Price and Payment
Guarantee Terms
Sale Process
Property Inspection
Title and Ownership
Representations and Warranties
Marketing Obligations
Property Maintenance
Risk and Insurance
Costs and Expenses
Confidentiality
Force Majeure
Default and Remedies
Termination
Assignment
Notices
Entire Agreement
Amendments
Severability
Governing Law
Dispute Resolution
Third Party Rights
Time of Essence
Further Assurance
Conditions Precedent
Indemnification
Guarantee Activation
Property Registration
Due Diligence
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