Intent To Purchase Agreement for Australia

Intent To Purchase Agreement Template for Australia

An Intent to Purchase Agreement under Australian law is a preliminary contractual document that outlines a party's intention to purchase specific assets, property, or business interests. This document serves as a framework for the proposed transaction, establishing key terms such as purchase price, due diligence requirements, and timeline while typically remaining non-binding except for specific provisions like confidentiality and exclusivity. The agreement must comply with Australian contract law principles and relevant state/territory legislation, particularly considering property law requirements and consumer protection regulations where applicable.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Intent To Purchase Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Intent To Purchase Agreement?

The Intent To Purchase Agreement is a crucial preliminary document used in Australian commercial transactions when a potential buyer wishes to formally express their intention to purchase assets, property, or business interests, while maintaining flexibility before entering into a binding purchase agreement. This document is particularly valuable in complex transactions where detailed due diligence is required, or when parties need to establish clear parameters for negotiation while securing exclusivity. It typically includes provisions for due diligence periods, purchase price mechanisms, conditions precedent, and timelines, while maintaining compliance with Australian federal and state/territory laws. The agreement serves as a stepping stone toward the final purchase agreement, providing structure to the negotiation process while protecting both parties' interests through specific binding provisions such as confidentiality and exclusivity clauses.

What sections should be included in a Intent To Purchase Agreement?

1. Parties: Identification of all parties to the agreement, including full legal names and addresses

2. Background: Context of the proposed transaction, including brief description of the asset/property and the parties' intentions

3. Definitions: Key terms used throughout the agreement defined for clarity and consistency

4. Subject Matter: Detailed description of the asset or property intended to be purchased

5. Purchase Price: Proposed purchase price and any pricing mechanisms or adjustments

6. Due Diligence: Terms regarding the buyer's right to conduct due diligence, including timeframes and access rights

7. Conditions Precedent: Conditions that must be satisfied before proceeding to a formal purchase agreement

8. Exclusivity Period: Period during which the seller cannot negotiate with other potential buyers

9. Confidentiality: Obligations regarding confidential information shared during the transaction process

10. Binding and Non-Binding Provisions: Clear specification of which provisions are binding and which are expressions of intent only

11. Timeline: Proposed timeline for due diligence, negotiations, and execution of final purchase agreement

12. Costs and Expenses: Allocation of costs and expenses related to the transaction and due diligence process

13. Governing Law: Specification of applicable law and jurisdiction

What sections are optional to include in a Intent To Purchase Agreement?

1. Break Fee: Applicable when parties agree to a fee payable if either party withdraws from negotiations under specific circumstances

2. Deposit: Include when a deposit is required to demonstrate commitment to the transaction

3. Financing Conditions: Required when the buyer's ability to proceed is contingent on obtaining financing

4. Regulatory Approvals: Include when the transaction requires specific regulatory or governmental approvals

5. Employee Matters: Relevant for business purchases involving transfer of employees

6. Intellectual Property: Include for transactions involving significant IP assets

7. Environmental Matters: Required for properties or businesses with potential environmental concerns

8. Third Party Consents: Include when the transaction requires specific third party approvals or consents

What schedules should be included in a Intent To Purchase Agreement?

1. Schedule 1 - Asset Description: Detailed description of the asset or property intended to be purchased

2. Schedule 2 - Due Diligence Requirements: List of required due diligence items and documentation

3. Schedule 3 - Proposed Timeline: Detailed timeline with key dates and milestones

4. Schedule 4 - Price Calculation: Details of purchase price calculation methodology if complex

5. Appendix A - Required Approvals: List of required regulatory or third-party approvals

6. Appendix B - Form of Confidentiality Agreement: Template confidentiality agreement if required separately

Authors

Alex Denne

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

Jurisdiction

Australia

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions
Relevant Industries

Real Estate

Manufacturing

Retail

Technology

Mining

Agriculture

Healthcare

Professional Services

Hospitality

Construction

Energy

Transport and Logistics

Relevant Teams

Legal

Finance

Commercial

Business Development

Operations

Risk and Compliance

Real Estate

Mergers & Acquisitions

Property Development

Corporate Affairs

Investment

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Commercial Director

General Counsel

Legal Counsel

Corporate Lawyer

Property Manager

Business Development Manager

Mergers & Acquisitions Manager

Real Estate Manager

Investment Manager

Commercial Manager

Operations Director

Property Developer

Finance Director

Risk 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

Find the exact document you need

Unregistered Sale Agreement With Possession

An Australian legal agreement allowing property possession before title transfer, setting out terms and conditions for interim occupation and eventual sale completion.

find out more

Consignment Agreement Form

An Australian-law governed agreement establishing terms for consignment sales arrangements, including commission structures and party responsibilities.

find out more

Business Lease Agreement

An Australian-law governed agreement establishing terms and conditions for commercial property leasing, including rent, maintenance, and usage rights.

find out more

General Tenancy Agreement

An Australian residential lease agreement that establishes the legal framework for property rental, compliant with state tenancy laws.

find out more

Residential Lease Agreement Form

An Australian-compliant residential lease agreement template establishing terms and conditions between landlord and tenant for residential property rental.

find out more

Written Agreement

An Australian law-compliant Written Agreement establishing legally binding terms between parties, suitable for various business relationships and transactions.

find out more

Simple Agreement

An Australian law-compliant Simple Agreement template suitable for various commercial arrangements, featuring essential contract elements and basic protections.

find out more

Side Agreement

An Australian law-governed Side Agreement that modifies or supplements an existing primary agreement between parties.

find out more

Lease Agreement With Option To Purchase

An Australian law-governed agreement combining property lease terms with a future purchase option, suitable for both residential and commercial properties.

find out more

Formal Agreement

Australian law-compliant Formal Agreement template with comprehensive contractual provisions suitable for various commercial relationships.

find out more

Casual Worker Contract

An Australian-compliant casual employment contract template establishing terms and conditions for casual workers under the Fair Work Act 2009.

find out more

Boilerplate Agreement

An Australian law-compliant template agreement establishing standard terms and conditions for business relationships.

find out more

Tooling Agreement

An Australian-law agreement governing the ownership, use, and maintenance of industrial tooling, dies, and specialized equipment between manufacturers and users.

find out more

Representation Agreement

An Australian-law governed agreement establishing the terms and conditions under which a representative may act on behalf of a principal.

find out more

Provisional Agreement

An Australian-law governed temporary contractual arrangement establishing interim terms and conditions between parties while working towards a permanent agreement or short-term objective.

find out more

Preliminary Agreement

An Australian law-governed framework document establishing initial terms and conditions for commercial negotiations, including both binding and non-binding provisions.

find out more

Lease With Option To Buy

An Australian agreement combining a property lease with a future purchase option, governed by Australian property law and regulations.

find out more

Land Agreement Between Two Parties

An Australian legal agreement governing land transfer or use between two parties, compliant with federal and state property laws.

find out more

Common Terms Agreement

An Australian law-governed master agreement establishing standard terms across multiple facility agreements in a syndicated financing arrangement.

find out more

Subordination Agreement Mortgage

An Australian law agreement establishing priority arrangements between multiple mortgage holders over the same property, setting out their respective rights and ranking of security interests.

find out more

Enforceable Contract

Australian-compliant enforceable contract template suitable for various business relationships, incorporating all essential elements required under Australian contract law.

find out more

Basic Contract

A standard Australian-law compliant contract template for establishing basic business agreements between parties.

find out more

Prenuptial Agreement

An Australian Binding Financial Agreement (prenuptial agreement) that outlines financial arrangements between prospective spouses under the Family Law Act 1975.

find out more

Rental Lease Agreement Form

An Australian-compliant legal document establishing the terms and conditions between landlord and tenant for residential property rental.

find out more

Contra Agreement

An Australian legal document governing the exchange of goods or services between parties without monetary payment, compliant with Australian contract law and GST regulations.

find out more

Lease Agreement

An Australian lease agreement governing the terms and conditions for property rental, compliant with federal and state property laws.

find out more

Contractual Agreement

An Australian law-governed agreement establishing formal business relationships between parties, outlining rights, obligations, and terms of engagement.

find out more

Security Agreement Form

An Australian legal document creating a security interest in personal property under the PPSA, detailing terms of security arrangements between secured parties and grantors.

find out more

Labour Contract Agreement For Construction Of House

An Australian-compliant labour contract agreement for residential house construction, outlining construction terms, responsibilities, and legal obligations.

find out more

Business Cooperation Agreement

An Australian law-governed agreement establishing terms for business cooperation between two or more entities.

find out more

Rolling Tenancy Agreement

An Australian periodic residential tenancy agreement that continues indefinitely until terminated by notice from either party, compliant with Australian tenancy laws.

find out more

Lodger Agreement

An Australian legal agreement between a property owner/head tenant and a lodger for shared living arrangements, covering room usage, facilities, payments, and house rules.

find out more

Consulting Agreement

An Australian-law governed agreement establishing terms and conditions for professional consulting services between a consultant and client.

find out more

Intent To Purchase Agreement

An Australian-law governed preliminary agreement outlining the intention to purchase assets, property, or business interests, establishing key transaction terms and conditions.

find out more

Head Of Terms Agreement

An Australian-law governed preliminary agreement outlining key commercial terms between parties, serving as a framework for negotiating definitive agreements.

find out more

Business Contract

Australian business contract template for commercial relationships, compliant with Australian law and adaptable to various business contexts.

find out more

Umbrella Agreement

An Australian law-governed master agreement establishing a framework for ongoing business relationships and future specific agreements between parties.

find out more

Share Purchase Agreement

An Australian law-governed agreement documenting the sale and purchase of shares in a company, including price, warranties, and completion mechanics.

find out more

Rent To Own Agreement Form

An Australian legal agreement establishing terms for a property rent-to-own arrangement, combining rental terms with a future purchase option.

find out more

Consulting Services Agreement

An Australian law agreement governing the provision of professional consulting services, establishing terms, conditions, and obligations between consultant and client.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now