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Agreement To Split Proceeds Of Sale Template for Switzerland

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Key Requirements PROMPT example:

Agreement To Split Proceeds Of Sale

"I need an Agreement to Split Proceeds of Sale under Swiss law for a jointly-owned art collection being sold at auction in March 2025, with proceeds to be split 60-40 between two private collectors, including provisions for auction house fees and export taxes."

Document background
An Agreement To Split Proceeds Of Sale is commonly used in Switzerland when multiple parties have financial interests in an asset or venture that is being sold. This document is essential when co-owners, investors, or business partners need to formalize how the proceeds from a sale will be distributed. It's particularly relevant for joint ventures, real estate developments, or investment partnerships where parties have different ownership percentages or investment contributions. The agreement must comply with Swiss law, particularly the Swiss Code of Obligations, and typically includes detailed mechanisms for calculating net proceeds, defining deductible expenses, and establishing distribution priorities. It's crucial for preventing disputes and ensuring transparent, legally-compliant distribution of funds.
Suggested Sections

1. Parties: Identification and details of all parties to the agreement

2. Background: Context of the agreement, including description of the asset(s) to be sold and existing relationship between parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Subject Matter: Description of the asset(s) whose proceeds are to be split and confirmation of ownership rights

5. Calculation of Proceeds: Method for calculating net proceeds, including deductions for costs and expenses

6. Distribution Mechanism: Specific percentages or amounts to be distributed to each party and the order of distribution

7. Payment Terms: Timing, method, and currency of payments, including bank account details

8. Parties' Obligations: Specific duties of each party regarding the sale process and distribution

9. Representations and Warranties: Statements of fact and promises made by each party

10. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

11. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction for disputes

12. Miscellaneous: Standard boilerplate provisions including notices, amendments, and severability

Optional Sections

1. Tax Provisions: Include when parties need specific arrangements for handling tax implications of the proceeds distribution

2. Intermediary Arrangements: Include when a third party (e.g., escrow agent or bank) will handle the proceeds

3. Security Arrangements: Include when security is required to guarantee payment obligations

4. Conditions Precedent: Include when distribution is subject to specific conditions being met

5. Non-Competition: Include when parties need restrictions on competing activities after the sale

6. Confidentiality: Include when sensitive information about the sale needs protection

7. Force Majeure: Include when parties want specific provisions for handling unforeseen circumstances

Suggested Schedules

1. Schedule 1 - Asset Description: Detailed description of the asset(s) to be sold

2. Schedule 2 - Distribution Formula: Detailed calculation method for proceeds distribution

3. Schedule 3 - Costs and Expenses: List of agreed deductible costs and expenses

4. Schedule 4 - Payment Details: Bank account and payment routing information for all parties

5. Appendix A - Power of Attorney: If required, authorization for parties to act on behalf of others

6. Appendix B - Supporting Documents: Copies of relevant ownership certificates or prior agreements

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions







































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Relevant Industries

Real Estate

Private Equity

Investment Management

Commercial Property

Technology

Manufacturing

Professional Services

Retail

Construction

Hospitality

Art and Collectibles

Financial Services

Relevant Teams

Legal

Finance

Corporate Development

Investment

Real Estate

Compliance

Tax

Business Development

Asset Management

Treasury

Risk Management

Relevant Roles

Chief Financial Officer

Legal Counsel

Investment Manager

Business Development Director

Real Estate Manager

Corporate Lawyer

Finance Director

Investment Analyst

Property Manager

Asset Manager

Partnership Manager

Compliance Officer

Tax Advisor

Business Owner

Managing Partner

Industries







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

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