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Binding Purchase Agreement
1. Parties: Identification and details of the seller and purchaser, including registration numbers and addresses
2. Background: Context of the transaction and brief description of the parties' intention
3. Definitions: Definitions of key terms used throughout the agreement
4. Subject Matter of Sale: Detailed description of the items/assets being purchased
5. Purchase Price: Amount, currency, and payment terms including VAT status
6. Payment Terms: Detailed payment schedule, method of payment, and bank details
7. Delivery: Delivery terms, timing, location, and transfer of risk
8. Seller's Warranties: Warranties regarding ownership, condition, and quality of the subject matter
9. Due Diligence: Buyer's inspection rights and acknowledgments
10. Transfer of Ownership: Timing and conditions for transfer of title
11. Default and Remedies: Consequences of breach and available remedies
12. Governing Law and Jurisdiction: Confirmation of Danish law and jurisdiction
13. Notices: How formal notices should be given between parties
14. Signatures: Execution blocks for all parties
1. Conditions Precedent: Used when completion is subject to specific conditions being met
2. Intellectual Property Rights: Required when the purchase includes IP assets
3. Employees: Necessary when the purchase involves transfer of employees
4. Competition Restrictions: Used when including non-compete or similar restrictions
5. Environmental Matters: Required for purchases involving potential environmental liabilities
6. Tax Matters: Used when specific tax arrangements or implications need to be addressed
7. Insurance: Required when specific insurance arrangements are part of the deal
8. Confidentiality: Used when specific confidentiality obligations need to be included
9. Force Majeure: Optional clause for handling unforeseen circumstances
10. Assignment: Used when transfer rights need to be specifically addressed
1. Schedule 1 - Asset List: Detailed inventory of all assets included in the purchase
2. Schedule 2 - Purchase Price Calculation: Detailed breakdown of the purchase price components
3. Schedule 3 - Warranties: Detailed warranties given by the seller
4. Schedule 4 - Completion Requirements: List of documents and actions required at completion
5. Schedule 5 - Encumbrances: List of any existing encumbrances on the assets
6. Schedule 6 - Contracts: List of contracts being transferred or assigned
7. Appendix A - Due Diligence Reports: Summary of due diligence findings
8. Appendix B - Technical Specifications: Detailed technical information about the purchase items
9. Appendix C - Certificates: Relevant certificates and permits related to the assets
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