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Agreement Of Sale Contract
"I need an Agreement of Sale Contract under Indian law for the purchase of a commercial property in Mumbai, with completion scheduled for March 2025, including specific provisions for existing tenant rights and environmental compliance."
1. Parties: Identifies and provides full details of the seller and purchaser, including names, addresses, and registration details if companies
2. Background: Recitals explaining the context of the sale and the intention of the parties to enter into the agreement
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent ambiguity
4. Subject Matter of Sale: Detailed description of the property/goods being sold, including specifications and condition
5. Consideration: Purchase price, payment terms, method of payment, and any applicable taxes
6. Completion: Details of when and how the sale will be completed, including transfer of title and possession
7. Seller's Representations and Warranties: Statements and guarantees made by the seller regarding the property/goods
8. Purchaser's Representations and Warranties: Statements and guarantees made by the purchaser regarding their capacity to purchase
9. Conditions Precedent: Conditions that must be satisfied before completion of the sale
10. Rights and Obligations: Detailed responsibilities of both parties before, during, and after the sale
11. Risk and Insurance: Allocation of risk and responsibility for insurance during the transition period
12. Default and Termination: Consequences of breach and circumstances under which the agreement can be terminated
13. Dispute Resolution: Process for resolving disputes, including jurisdiction and governing law
14. Notices: Method and addresses for serving formal notices under the agreement
15. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Third Party Rights: Include when there are specific rights granted to third parties or when third party consents are required
2. Intellectual Property: Include when the sale involves transfer of intellectual property rights
3. Confidentiality: Include when sensitive information will be exchanged during the transaction
4. Non-Competition: Include when selling a business or when there are concerns about competitive activities
5. Environmental Matters: Include when selling property with potential environmental issues or liabilities
6. Employee Matters: Include when the sale involves transfer of employees or employment-related obligations
7. Tax Indemnities: Include when specific tax implications need to be addressed or allocated between parties
8. Force Majeure: Include when specific circumstances beyond parties' control need to be addressed
1. Schedule 1 - Property Description: Detailed description of the property/goods being sold, including specifications, photographs, or technical details
2. Schedule 2 - Purchase Price Breakdown: Detailed breakdown of the purchase price, including any adjustments or allocations
3. Schedule 3 - Form of Transfer Deed: Template or copy of the transfer deed to be executed at completion
4. Schedule 4 - Encumbrances: List of any existing encumbrances, liens, or charges on the property
5. Schedule 5 - Required Consents: List of all required regulatory or third-party consents
6. Schedule 6 - Completion Requirements: Detailed list of documents and actions required at completion
7. Appendix A - Title Documents: Copies of relevant title documents and certificates
8. Appendix B - Due Diligence Reports: Relevant inspection or due diligence reports
Authors
Applicable Law
Business Day
Completion
Completion Date
Conditions Precedent
Confidential Information
Consideration
Deposit
Effective Date
Encumbrance
Force Majeure
Governmental Authority
Intellectual Property Rights
Liabilities
Losses
Material Adverse Effect
Party/Parties
Property
Purchase Price
Purchaser
Related Party
Representations and Warranties
Sale Assets
Seller
Stamp Duty
Tax/Taxation
Third Party
Title Documents
Transaction Documents
Transfer
Valid Title
Working Hours
Default
Due Diligence
Escrow
Warranties
Indemnity
Interest Rate
Notice
Interpretation
Sale and Purchase
Purchase Price
Payment Terms
Conditions Precedent
Completion
Title and Risk
Representations and Warranties
Seller's Warranties
Purchaser's Warranties
Due Diligence
Property Inspection
Delivery
Transfer of Ownership
Encumbrances
Indemnification
Insurance
Confidentiality
Force Majeure
Default
Termination
Remedies
Dispute Resolution
Governing Law
Jurisdiction
Notices
Assignment
Entire Agreement
Amendments
Severability
Waiver
Third Party Rights
Costs and Expenses
Stamp Duty
Registration
Further Assurance
Counterparts
Survival
Time of Essence
Real Estate
Manufacturing
Retail
Automotive
Technology
Agriculture
Industrial Equipment
Consumer Goods
Construction
Energy
Mining
Telecommunications
Legal
Finance
Procurement
Sales
Commercial
Operations
Compliance
Risk Management
Business Development
Property Management
Legal Counsel
Contract Manager
Commercial Director
Chief Financial Officer
Procurement Manager
Sales Manager
Business Development Manager
Property Manager
Risk Manager
Compliance Officer
Operations Director
General Manager
Company Secretary
Asset Manager
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