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Offer Purchase Contract
"I need an Offer Purchase Contract for acquiring a commercial property in Dublin for €2.5 million, with completion scheduled for March 2025 and subject to planning permission approval and environmental assessment."
1. Parties: Identification and details of the offeror and offeree, including full legal names, addresses, and company registration numbers if applicable
2. Background: Context of the transaction and brief description of the parties' intentions
3. Definitions: Definitions of key terms used throughout the contract
4. Subject Matter of Offer: Detailed description of the property or goods being offered for purchase
5. Purchase Price: The offered purchase price, payment terms, and any conditions related to payment
6. Offer Period: Duration for which the offer remains valid and conditions for acceptance
7. Due Diligence: Terms regarding the buyer's right to inspect and investigate the subject matter
8. Conditions Precedent: Conditions that must be satisfied before the purchase can proceed
9. Completion: Process and requirements for completing the purchase if the offer is accepted
10. Representations and Warranties: Standard representations and warranties from both parties
11. Governing Law and Jurisdiction: Confirmation of Irish law as governing law and jurisdiction for disputes
12. Execution: Signature blocks and execution formalities
1. Deposit Terms: Include when a deposit is required as part of the offer, specifying amount and conditions
2. Finance Conditions: Include when the offer is subject to the buyer obtaining financing
3. Planning Permission: Include for property purchases where planning permission is relevant
4. Environmental Matters: Include when environmental investigations or warranties are required
5. Employee Matters: Include when the purchase involves transfer of employees
6. Intellectual Property: Include when the purchase includes intellectual property rights
7. Confidentiality: Include when specific confidentiality provisions are required beyond standard terms
8. Break Fee: Include when there's an agreement for compensation if the transaction doesn't proceed
9. Tax Provisions: Include when specific tax arrangements or implications need to be addressed
1. Schedule 1 - Property Description: Detailed description of the property or assets being purchased, including any relevant plans or maps
2. Schedule 2 - Purchase Price Calculation: Detailed breakdown of the purchase price and any adjustments
3. Schedule 3 - Due Diligence Requirements: List of documents and information to be provided for due diligence
4. Schedule 4 - Form of Acceptance: Template form for accepting the offer
5. Schedule 5 - Completion Requirements: Detailed list of documents and actions required for completion
6. Appendix A - Property Documents: Copies of relevant property documents, titles, or certificates
7. Appendix B - Financial Information: Relevant financial information or statements
8. Appendix C - Required Consents: List of required third-party or regulatory consents
Authors
Real Estate
Commercial Property
Retail
Manufacturing
Technology
Professional Services
Construction
Agriculture
Industrial
Healthcare
Hospitality
Energy
Transportation
Financial Services
Legal
Finance
Procurement
Commercial
Real Estate
Operations
Risk & Compliance
Business Development
Corporate Affairs
Property Management
Chief Executive Officer
Chief Financial Officer
Commercial Director
Legal Counsel
Corporate Lawyer
Property Manager
Real Estate Manager
Procurement Manager
Business Development Manager
Finance Director
Operations Director
Company Secretary
Risk Manager
Compliance Officer
Contract Manager
Asset Manager
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