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Basic Buy Sell Agreement
"I need a Basic Buy Sell Agreement for the sale of manufacturing equipment worth £50,000 to a business partner in Manchester, with delivery scheduled for March 2025 and payment to be made in three installments."
1. Parties: Identification and details of buyer and seller
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transaction
5. Price and Payment: Purchase price, payment terms and method
6. Delivery: Delivery terms, timing, and logistics
7. Title and Risk: Transfer of ownership and risk provisions
1. Warranties: Additional guarantees about goods/services - used for high-value transactions or specific quality requirements
2. Intellectual Property: IP rights and transfers - used when dealing with branded goods or technology
3. Confidentiality: Protection of sensitive information - used when sensitive commercial information is involved
4. Force Majeure: Provisions for unforeseen circumstances - used for longer-term or high-value contracts
1. Schedule 1: Description of Goods: Detailed specification of items being sold
2. Schedule 2: Price List: Detailed pricing breakdown if multiple items
3. Schedule 3: Delivery Schedule: Detailed delivery timelines and locations
4. Appendix A: Quality Standards: Specific quality requirements and standards
Authors
Price and Payment
Delivery
Title and Risk
Warranties
Condition of Goods
Inspection Rights
Returns and Refunds
Intellectual Property
Confidentiality
Limitation of Liability
Force Majeure
Termination
Notices
Governing Law
Dispute Resolution
Assignment
Entire Agreement
Severability
Variation
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