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Contract To Sell And Contract Of Sale
"I need a Contract to Sell and Contract of Sale for the purchase of an industrial manufacturing facility in Jeddah, with a completion date of March 15, 2025, including specific provisions for machinery and equipment transfer, and ensuring Sharia compliance for the installment payment structure."
1. Parties: Identification of seller and buyer with full legal names, addresses, and legal capacity
2. Background: Context of the transaction and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Subject Matter of Sale: Detailed description of the goods/property being sold
5. Purchase Price: Amount, currency, and payment terms
6. Payment Terms: Schedule of payments, method of payment, and consequences of default
7. Delivery Terms: Time, place, and method of delivery
8. Transfer of Ownership: Conditions and timing for transfer of title
9. Representations and Warranties: Seller's warranties about the goods/property and buyer's acknowledgments
10. Risk and Insurance: Allocation of risk and responsibility for insurance
11. Default and Remedies: Events of default and available remedies
12. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution mechanism
13. Notices: Method and addresses for official communications
14. Execution: Signature blocks and execution requirements
1. Conditions Precedent: Used when completion of the sale depends on fulfillment of specific conditions
2. Inspection Rights: Include when buyer requires pre-completion inspection rights
3. Intellectual Property: Required when the sale involves products with associated IP rights
4. Confidentiality: Include for transactions involving sensitive commercial information
5. Force Majeure: Optional clause for handling unforeseen circumstances
6. Assignment: Include if parties want to address transfer of rights under the contract
7. Islamic Finance Compliance: Required for transactions involving Islamic financing structures
8. Installment Terms: Include when payment is to be made in installments
1. Schedule 1 - Property/Goods Description: Detailed technical or legal description of the sale object
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and dates
3. Schedule 3 - Delivery Schedule: Detailed timeline and requirements for delivery
4. Schedule 4 - Required Documents: List of documents required for completion
5. Schedule 5 - Warranties: Detailed warranties and representations
6. Appendix A - Property Documents: Copies of relevant property documents or certificates
7. Appendix B - Due Diligence Reports: Results of any due diligence investigations
8. Appendix C - Regulatory Approvals: Copies of required governmental or regulatory approvals
Authors
Real Estate
Manufacturing
Retail
Wholesale Trade
Construction
Automotive
Industrial Equipment
Consumer Goods
Agriculture
Technology
Energy
Mining
Pharmaceuticals
Telecommunications
Legal
Commercial
Sales
Procurement
Business Development
Risk Management
Compliance
Real Estate
Operations
Finance
Corporate Affairs
Administration
Legal Counsel
Contract Manager
Commercial Director
Sales Manager
Procurement Manager
Business Development Manager
Property Manager
Risk Manager
Compliance Officer
General Manager
Chief Legal Officer
Chief Commercial Officer
Sales Director
Purchase Manager
Real Estate Manager
Transaction Manager
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