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Offer Purchase Contract Template for Ireland

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Key Requirements PROMPT example:

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."

Document background
The Offer Purchase Contract is a crucial legal instrument in Irish commercial transactions, used when one party wishes to formally propose the purchase of assets, property, or goods from another party. This document type is particularly important in ensuring clarity and legal certainty in commercial transactions under Irish law. It should be used whenever a potential buyer wishes to make a formal, legally binding offer to purchase, whether in real estate transactions, business asset acquisitions, or significant commercial purchases. The contract typically includes essential elements such as precise identification of the subject matter, purchase price, conditions precedent, due diligence provisions, and completion requirements. It must comply with Irish contract law principles, including the Sale of Goods Act 1893 (as amended) and relevant property legislation. The document serves as the foundation for the transaction and, if accepted, forms a binding agreement between the parties.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Commercial Property

Retail

Manufacturing

Technology

Professional Services

Construction

Agriculture

Industrial

Healthcare

Hospitality

Energy

Transportation

Financial Services

Relevant Teams

Legal

Finance

Procurement

Commercial

Real Estate

Operations

Risk & Compliance

Business Development

Corporate Affairs

Property Management

Relevant Roles

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

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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