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For Sale On Contract
"I need a For Sale On Contract agreement for selling manufacturing equipment worth £500,000 to a business buyer, with monthly installments over 36 months and retention of title until final payment is made in March 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale including price and payment terms
5. Delivery and Transfer of Title: Terms regarding delivery and passing of ownership
6. Warranties and Representations: Promises made by parties regarding the subject matter
7. Termination: Circumstances and process for ending the agreement
8. Governing Law: Jurisdiction and applicable law
1. Intellectual Property Rights: Include when IP forms part of the sale - applicable when selling goods with associated IP rights
2. Confidentiality: Provisions protecting sensitive information - applicable when commercially sensitive information is involved
3. Force Majeure: Provisions for unforeseen circumstances - recommended for longer-term contracts or high-value transactions
4. Assignment: Rights to transfer the contract to others - include when transfer rights need to be restricted
1. Schedule 1 - Description of Goods: Detailed specification of items being sold
2. Schedule 2 - Payment Schedule: Payment terms and installment details if applicable
3. Schedule 3 - Delivery Schedule: Timing and logistics of delivery if complex
4. Appendix A - Technical Specifications: Detailed technical information about goods
5. Appendix B - Warranties: Detailed warranty terms and conditions
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