Principal Sale And Purchase Agreement Template for Ireland

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Principal Sale And Purchase Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Principal Sale And Purchase Agreement

"I need a Principal Sale and Purchase Agreement under Irish law for the acquisition of a software development company, including specific provisions for intellectual property rights transfer and key employee retention, with completion planned for March 2025."

Document background
The Principal Sale and Purchase Agreement is a fundamental transaction document used in Irish business acquisitions and disposals. This agreement is essential when conducting significant business transactions in Ireland, whether for asset purchases, share transfers, or entire business acquisitions. It must comply with Irish commercial law, including the Sale of Goods Act 1893, the Sale of Goods and Supply of Services Act 1980, and relevant EU regulations. The document typically includes comprehensive details about the transaction structure, purchase price mechanisms, warranties and indemnities, pre-completion and post-completion obligations, and various protective provisions for both parties. It's particularly crucial for high-value transactions where detailed terms and conditions need to be clearly documented and legally enforceable.
Suggested Sections

1. Parties: Formal identification of the parties to the agreement, including full legal names, registered addresses, and company numbers if applicable

2. Background: Recitals explaining the context of the transaction and the parties' intentions

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules for interpreting the agreement

4. Sale and Purchase: Core transaction terms including the asset/business being sold and purchased

5. Purchase Price: Details of the consideration, payment terms, and any adjustments

6. Completion: Mechanics of closing the transaction, including timing, location, and deliverables

7. Seller's Warranties: Warranties given by the seller regarding the subject matter of the sale

8. Buyer's Warranties: Basic warranties from the buyer, typically regarding capacity and authority

9. Limitations on Liability: Limitations on warranty claims and general liability caps

10. Pre-Completion Obligations: Obligations of both parties between signing and completion

11. Confidentiality: Provisions regarding confidential information and announcements

12. Notices: Process for formal communications between the parties

13. General Provisions: Standard boilerplate clauses including entire agreement, variations, severability

14. Governing Law and Jurisdiction: Confirmation of Irish law as governing law and jurisdiction for disputes

Optional Sections

1. Tax Covenant: Detailed tax indemnity provisions, used when tax liabilities are a significant concern

2. Non-Competition: Restrictions on seller's competing activities, used when protecting goodwill is important

3. Employee Provisions: Detailed provisions regarding employees, used when staff are transferring

4. Intellectual Property: Specific IP provisions, used when IP assets are material to the transaction

5. Data Protection: Detailed GDPR compliance provisions, used when personal data is being transferred

6. Property: Specific real estate provisions, used when property assets are material

7. Environmental Matters: Environmental warranties and indemnities, used for businesses with environmental risks

8. Earn-out Provisions: Mechanism for additional payments based on future performance, used in price adjustment scenarios

9. Break Fee: Provisions for payment if the deal fails, used in higher-risk transactions

Suggested Schedules

1. Schedule 1 - Definitions: Detailed definitions used throughout the agreement

2. Schedule 2 - Assets: Detailed list of assets included in the sale

3. Schedule 3 - Properties: Details of any real estate included in the sale

4. Schedule 4 - Intellectual Property: List of IP rights included in the sale

5. Schedule 5 - Employees: List of transferring employees and their key terms

6. Schedule 6 - Warranties: Full set of warranties given by the seller

7. Schedule 7 - Tax Covenant: Detailed tax indemnity provisions

8. Schedule 8 - Completion Obligations: Detailed list of completion deliverables

9. Appendix 1 - Form of Transfer Deed: Form of asset transfer documentation

10. Appendix 2 - Disclosure Letter: Form of disclosure letter qualifying the warranties

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

Relevant legal definitions
Clauses
Relevant Industries

Manufacturing

Technology

Retail

Professional Services

Real Estate

Healthcare

Financial Services

Agriculture

Energy

Construction

Hospitality

Transport & Logistics

Media & Entertainment

Telecommunications

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Executive Leadership

Risk & Compliance

Operations

Business Development

Strategy

Treasury

Company Secretariat

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Managing Director

Commercial Director

Legal Counsel

Corporate Lawyer

Business Development Manager

Finance Director

Company Secretary

Risk Manager

Compliance Officer

Operations Director

Investment Manager

Transaction Manager

Due Diligence Manager

Industries
Sale of Goods Act 1893 and Sale of Goods and Supply of Services Act 1980: These acts form the cornerstone of Irish sales law, governing the rights and obligations of parties in sales contracts, including terms about quality, fitness for purpose, and transfer of title.
Supply of Goods and Services Act 1980: Regulates contracts for the supply of goods and services, setting out implied terms about quality and fitness for purpose in service contracts.
Land and Conveyancing Law Reform Act 2009: Governs the transfer of property rights and interests in Ireland, including requirements for valid contracts relating to land and property.
Consumer Protection Act 2007: Implements EU consumer protection directives and provides protection against unfair commercial practices, particularly relevant if one party is acting as a consumer.
European Communities (Unfair Terms in Consumer Contracts) Regulations 1995: Implements EU Directive 93/13/EEC on unfair terms in consumer contracts, particularly relevant for standard form contracts.
Competition Act 2002: Ensures that the agreement does not contain anti-competitive provisions or abuse of dominant market position.
Electronic Commerce Act 2000: Governs electronic signatures and electronic contracts, particularly relevant if the agreement is to be executed electronically.
Data Protection Act 2018: Implements GDPR in Ireland, relevant for handling any personal data involved in the transaction.
Statute of Frauds (Ireland) 1695: Although ancient, this act remains relevant as it requires certain contracts to be evidenced in writing, particularly those involving land or property interests.
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

Find the exact document you need

Sold As Seen Agreement

An Irish law agreement for selling items in their current condition without standard warranties, while maintaining compliance with mandatory consumer protection requirements.

find out more

Online Sales Agreement

An Irish law-governed agreement setting out terms and conditions for online sales transactions, ensuring compliance with Irish and EU e-commerce regulations.

find out more

Binding Sales Contract

An Irish law-governed contract establishing legally binding terms and conditions for the sale and purchase of goods between two parties.

find out more

Buy And Sell Agreement (Insurance)

An Irish law-governed insurance agreement establishing coverage terms, obligations, and responsibilities between insurer and insured parties.

find out more

Legal Sales Contract

An Irish law-governed contract documenting terms and conditions for the sale of goods or services between parties, ensuring legal compliance and mutual protection.

find out more

Sale Of Business As A Going Concern Agreement

An Irish law agreement for the transfer of an operational business, including all assets, employees, and liabilities from seller to purchaser.

find out more

Sale Of Partnership Agreement

An Irish law-governed agreement for the sale and transfer of partnership interests, including terms for ownership transfer, valuation, and partner obligations.

find out more

Private Sales Agreement For House

An Irish law-governed agreement for the private sale and purchase of residential property, detailing terms, conditions, and obligations of both parties.

find out more

Apartment Sale And Purchase Contract

An Irish law-governed contract for the sale and purchase of an apartment, including essential terms, conditions, and regulatory compliance requirements.

find out more

Buy Sell Contract

An Irish law-governed agreement documenting the terms and conditions of a sale transaction between a buyer and seller, including price, delivery, and transfer of title.

find out more

Business Buy Sell Agreement

An Irish law-governed agreement facilitating the sale and purchase of a business, outlining transaction terms, warranties, and regulatory requirements.

find out more

Sale Of Equity Agreement

An Irish law-governed agreement documenting the terms and conditions for the sale and transfer of company shares or equity interests between parties.

find out more

Lease To Sell Agreement

An Irish law agreement combining a property lease with a future purchase option/obligation, setting terms for both rental period and eventual sale.

find out more

Small Business Sale Contract

An Irish law-governed agreement for the sale and purchase of a small business, including assets, liabilities, and operational elements.

find out more

Home For Sale By Owner Contract

An Irish law-governed contract for the direct sale of residential property between private parties without real estate agent involvement.

find out more

Commercial Real Estate Sales Agreement

An Irish law-governed agreement for the sale and purchase of commercial real estate, detailing property transfer terms and obligations.

find out more

Private Sale Purchase Agreement

An Irish law-governed agreement that documents the terms and conditions for private sale transactions between parties, ensuring legal compliance and protection of both seller and buyer interests.

find out more

Private Sale Of House Contract

An Irish law contract for the private sale and purchase of residential property, setting out terms, conditions, and obligations of the vendor and purchaser.

find out more

Final Sale Agreement

An Irish law-governed agreement that finalizes the permanent transfer of ownership of assets, property, or business interests from seller to buyer.

find out more

Direct Sales Contract

An Irish law-governed agreement setting out terms and conditions for direct sale of goods between seller and buyer, ensuring compliance with Irish commercial law and EU regulations.

find out more

Registered Agreement For Sale Of Property

An Irish law agreement documenting the terms and conditions for the sale and purchase of registered property, ensuring legal transfer of ownership.

find out more

Home Purchase Sales Contract

An Irish law-governed contract for the sale and purchase of residential property, establishing terms, conditions, and legal obligations for property transfer.

find out more

Final Sale Contract

An Irish law-governed contract that finalizes the sale of goods or assets between parties, establishing definitive terms and conditions for the transaction.

find out more

Stock Buy Sell Agreement

An Irish law-governed agreement setting out terms and conditions for the purchase and sale of shares in an Irish company, ensuring compliance with local corporate law requirements.

find out more

Sold As Seen Contract

An Irish law-governed contract for the sale of goods in their current condition, establishing clear terms for 'as-is' purchases with limited warranties.

find out more

Sale Of Horse Contract

An Irish law-governed contract for the sale and purchase of a horse, including essential terms, conditions, and regulatory compliance requirements.

find out more

Contract Of Sale And Agreement To Sell

An Irish law-governed agreement documenting the terms and conditions for the sale of goods between a seller and buyer.

find out more

Sale Purchase Agreement Draft

An Irish law-governed agreement detailing terms and conditions for the sale and purchase of property or assets, including price, warranties, and completion requirements.

find out more

Principal Sale And Purchase Agreement

An Irish law-governed agreement detailing the terms and conditions for the sale and purchase of a business, assets, or shares, including price, warranties, and completion mechanics.

find out more

Mobile Home Installment Sale Contract

An Irish law-governed contract for the installment sale of a mobile home, setting out payment terms, warranties, and consumer protections.

find out more

Home Sales Agreement

An Irish law agreement governing the sale and purchase of residential property, detailing terms, conditions, and transfer requirements.

find out more

Horse Sale Contract

An Irish law-governed agreement for the sale and purchase of horses, ensuring compliance with domestic and EU regulations while protecting both parties' interests.

find out more

Registered Agreement For Sale

An Irish law-governed legal agreement that formalizes the terms and conditions for the sale and purchase of registered property in Ireland.

find out more

Promissory Purchase And Sale Agreement

An Irish law agreement establishing binding terms for a future property sale and purchase, including price, conditions, and completion requirements.

find out more

Horse Sale Contract With Payments

An Irish law-governed contract for horse sales with structured payment terms, including ownership transfer, warranties, and regulatory compliance.

find out more

Bill Of Sale Stock Purchase Agreement

An Irish law-governed agreement documenting the sale and transfer of company shares between parties, including terms, conditions, and completion requirements.

find out more

Auto Sale Contract With Payments

An Irish law-governed vehicle sale agreement with structured payment terms, incorporating consumer protection and financial services requirements.

find out more

Residential Contract Of Sale

An Irish law-governed contract for the sale and purchase of residential property, establishing terms, conditions, and obligations between vendor and purchaser.

find out more

Mortgage Sale Agreement

An Irish law-governed agreement for the sale and transfer of a mortgage portfolio between financial institutions, including all associated rights and obligations.

find out more

Agreement To Sell Real Estate Contract

An Irish law-governed contract formalizing the sale and purchase of real estate property between a vendor and purchaser in Ireland.

find out more

Owner Finance Car Sale Contract

An Irish law-governed agreement combining vehicle sale and seller financing terms, enabling private vehicle sales with owner-provided payment plans.

find out more

Agreement For Sale Of Shares To Another Shareholder

An Irish law-governed agreement for the sale and transfer of company shares between existing shareholders, including standard transfer provisions and statutory compliance requirements.

find out more

Estate Sale Contract

An Irish law-governed contract for the sale of property, detailing terms, conditions, and requirements for property transfer under Irish jurisdiction.

find out more

Sale And Leaseback Contract

An Irish law agreement governing the sale of property and immediate lease back to the seller, combining property sale and commercial lease elements.

find out more

Direct Sales Agreement

An Irish law-governed agreement establishing terms and conditions for direct sales between parties, ensuring compliance with local and EU regulations.

find out more

Business Sale Non Disclosure Agreement

Irish law-governed NDA for protecting confidential information during business sale discussions and due diligence processes.

find out more

Buy Sale Agreement

An Irish law-governed agreement documenting the terms and conditions for the transfer of property ownership from seller to buyer.

find out more

Car Sale Payment Agreement

An Irish law-governed agreement detailing vehicle sale terms, payment conditions, and ownership transfer requirements between buyer and seller.

find out more

Commercial Sales Agreement

An Irish law-governed agreement setting out terms and conditions for the sale of goods between businesses, incorporating Irish and EU commercial law requirements.

find out more

Private Car Sale Contract With Monthly Payments

An Irish law-governed contract for private vehicle sale with monthly payment terms, protecting both seller and buyer interests.

find out more

Partnership Buy Sell Agreement

An Irish law agreement governing the transfer of partnership interests, including valuation methods and transfer procedures under various circumstances.

find out more

Simple Sales Agreement

An Irish law-governed agreement documenting the basic terms and conditions for the sale and purchase of goods between two parties.

find out more

Business Buy And Sell Agreement

An Irish law-governed agreement for the sale and purchase of a business, covering all essential transaction terms and regulatory requirements.

find out more

Retail Sales Agreement

An Irish law-governed agreement setting out terms and conditions for retail sales transactions, ensuring compliance with Irish consumer protection legislation.

find out more

Simple Sales Contract

An Irish law-governed contract outlining basic terms and conditions for the sale and purchase of goods, ensuring compliance with Irish sales legislation.

find out more

Retail Sales Contract

An Irish law-governed retail sales contract template for B2C transactions, ensuring compliance with Irish consumer protection laws and EU regulations.

find out more

Commercial Sales Contract

An Irish law-governed agreement establishing terms and conditions for commercial sale of goods between businesses.

find out more

Bill Of Sale Contract For Car

An Irish law-governed contract documenting the sale and transfer of ownership of a motor vehicle, including vehicle details, price, and terms of sale.

find out more

Car Sale Contract With Payments

An Irish law-governed contract for vehicle sale with installment payments, establishing terms, conditions, and parties' rights and obligations.

find out more

Real Property Sales Contract

An Irish law-governed contract for the sale and purchase of real property, detailing terms, conditions, and requirements for property transfer in Ireland.

find out more

Asset Sale Agreement

An Irish law-governed agreement for the sale and purchase of business assets, detailing terms of transfer and parties' obligations.

find out more

Private Sale Contract

An Irish law-governed contract for private sale of goods or assets between two parties, establishing terms, conditions, and obligations for the transaction.

find out more

Bill Of Sale Contract

An Irish law-governed document evidencing the transfer of ownership of personal property from seller to buyer, complying with Bills of Sale (Ireland) Acts requirements.

find out more

Terms Of Sale Agreement

An Irish law-governed agreement setting out the terms and conditions for the sale of goods or services, ensuring compliance with Irish and EU consumer protection legislation.

find out more

Product Sales Agreement Contract

An Irish law-governed agreement establishing terms and conditions for commercial product sales, including specifications, pricing, delivery, and warranties.

find out more

Master Sale And Purchase Agreement

An Irish law-governed master agreement establishing framework terms for ongoing commercial sale and purchase transactions.

find out more

Sale Of Goods Agreement

An Irish law-governed agreement for the sale and purchase of goods, setting out key terms including specifications, pricing, delivery, and warranties.

find out more

Sales Partnership Agreement

An Irish law-governed agreement establishing a sales partnership between a principal company and sales partner, defining their rights, obligations, and commercial terms.

find out more

Sale Of Equipment Contract

An Irish law-governed agreement for the sale and purchase of equipment, detailing terms, conditions, and obligations of both parties.

find out more

Sale Leaseback Agreement

An Irish law-governed agreement combining property sale and leaseback arrangements, where the seller becomes a tenant and the buyer becomes a landlord.

find out more

Exclusive Sales Agreement

An Irish law-governed agreement establishing exclusive sales rights between a supplier and distributor, defining territorial rights and commercial terms.

find out more

Business Sale Agreement

An Irish law-governed agreement detailing the terms and conditions for the sale and purchase of a business, including all essential transaction elements and statutory requirements.

find out more

Pre Sale Agreement

An Irish law agreement setting out preliminary terms and conditions for a property sale, binding parties to proceed to main contract subject to specified conditions.

find out more

Buy Sell Agreement

An Irish law-governed agreement that establishes terms and procedures for transferring business ownership interests between shareholders, including triggering events, valuation methods, and purchase terms.

find out more

Sale Of Shares Agreement

An Irish law-governed agreement setting out terms and conditions for the sale and purchase of shares in a company, including price, warranties, and completion mechanisms.

find out more

Buy And Sell Agreement

An Irish law-governed agreement that documents the terms and conditions of a sale and purchase transaction between parties.

find out more

Sales And Purchase Agreement Of Goods

An Irish law-governed agreement setting out terms and conditions for the sale and purchase of goods, ensuring compliance with Irish commercial legislation and protecting both parties' interests.

find out more

Sales Agreement Contract

An Irish law-governed agreement establishing terms and conditions for the sale and purchase of goods, ensuring compliance with Irish commercial legislation and EU regulations.

find out more

Sales Agent Agreement

An Irish law-governed agreement establishing the terms for a sales agent to promote and sell products/services on behalf of a principal company.

find out more

Sale Of Goods Contract

An Irish law-governed contract for the sale and purchase of goods, outlining terms for transfer of ownership, payment, and delivery.

find out more

Real Estate Sales Contract

An Irish law-governed contract for the sale and purchase of real estate property, establishing terms, conditions, and obligations for property transfer in Ireland.

find out more

Purchase Sale Agreement

An Irish law-governed agreement documenting the sale and purchase of assets, goods, or property, establishing the terms and conditions of the transaction.

find out more

Land Sale Agreement

An Irish law-governed agreement for the sale and purchase of land, establishing terms, conditions, and legal requirements for property transfer.

find out more

Car Sale Agreement

An Irish law-governed agreement for the sale and purchase of a motor vehicle, detailing vehicle specifications, price, and transfer terms.

find out more

Agreement Of Purchase And Sale

An Irish law-governed agreement that documents the terms and conditions for the sale and purchase of property, ensuring legal transfer of ownership.

find out more

Business Asset Sale Agreement

An Irish law-governed agreement for the sale and purchase of business assets between corporate entities, detailing transfer terms and conditions.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’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; Genie’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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.