Price Purchase Agreement for Australia

Price Purchase Agreement Template for Australia

A Purchase Price Agreement is a legally binding contract governed by Australian law that establishes the terms and conditions for the purchase of assets, goods, or services. The agreement details the purchase price, payment terms, conditions precedent, and completion requirements. It incorporates relevant Australian federal and state legislation, including the Competition and Consumer Act 2010 and applicable state-specific Fair Trading Acts. The document provides comprehensive coverage of representations, warranties, and protections for both parties while ensuring compliance with Australian regulatory requirements.

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
Price 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 Price Purchase Agreement?

The Purchase Price Agreement is a crucial commercial document used in Australian business transactions where parties seek to formalize the terms of a significant purchase. This agreement is particularly relevant when the transaction involves substantial value, complex payment structures, or requires specific conditions to be met before completion. The document addresses key aspects such as purchase price calculation, payment mechanisms, security arrangements, and completion procedures, all within the framework of Australian federal and state laws. A Purchase Price Agreement is essential for providing clarity and certainty to both parties, particularly in transactions where staged payments, price adjustments, or specific completion requirements are involved. It serves as a comprehensive record of the parties' obligations and rights, incorporating necessary protections and compliance with Australian regulatory requirements.

What sections should be included in a Price Purchase Agreement?

1. Parties: Identifies and provides full legal details of all parties to the agreement

2. Background: Sets out the context and purpose of the agreement, including brief description of the transaction

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation principles

4. Purchase Price: Specifies the total purchase price and its components

5. Payment Terms: Details the payment schedule, method of payment, and any conditions precedent to payment

6. Conditions Precedent: Lists any conditions that must be satisfied before the agreement becomes effective

7. Representations and Warranties: Sets out the promises and assurances made by each party

8. Completion: Specifies the completion date and completion obligations of each party

9. Default and Termination: Addresses events of default and termination rights

10. Dispute Resolution: Establishes the process for resolving disputes between parties

11. Confidentiality: Governs the treatment of confidential information

12. General Provisions: Contains standard boilerplate clauses including notices, governing law, and entire agreement

What sections are optional to include in a Price Purchase Agreement?

1. Security: Include when there are security arrangements for the purchase price

2. Adjustment of Purchase Price: Include when the purchase price may be adjusted based on certain factors

3. Tax Provisions: Include detailed tax provisions when there are specific tax implications

4. Interest: Include when interest is payable on delayed payments

5. Third Party Consents: Include when third party approvals are required

6. Intellectual Property: Include when IP rights are relevant to the transaction

7. Environmental Matters: Include for transactions involving environmental considerations

8. Employee Matters: Include when the transaction affects employees

9. Parent Company Guarantee: Include when a parent company guarantee is required

What schedules should be included in a Price Purchase Agreement?

1. Schedule 1 - Purchase Price Calculation: Detailed breakdown of the purchase price components and calculations

2. Schedule 2 - Payment Schedule: Detailed payment timeline and milestone payments if applicable

3. Schedule 3 - Completion Checklist: List of documents and actions required for completion

4. Schedule 4 - Form of Notice: Template for formal notices under the agreement

5. Schedule 5 - Security Documents: Forms of any security documents required

6. Appendix A - Asset Register: If applicable, detailed list of assets covered by the agreement

7. Appendix B - Required Consents: List of required third party consents and approvals

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

Purchase Agreement

Cost

Free to use
Relevant legal definitions
Relevant Industries

Manufacturing

Real Estate

Mining

Technology

Agriculture

Retail

Construction

Energy

Transportation

Healthcare

Professional Services

Telecommunications

Relevant Teams

Legal

Finance

Procurement

Commercial

Risk Management

Treasury

Corporate Development

Operations

Executive Leadership

Compliance

Relevant Roles

Chief Financial Officer

Commercial Director

Procurement Manager

Legal Counsel

Corporate Lawyer

Finance Manager

Business Development Manager

Contract Manager

Risk Manager

Treasury Manager

Company Secretary

Operations Director

Managing Director

Chief Executive Officer

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

Legal Purchase Agreement

An Australian-law governed agreement that formalizes the purchase and sale of assets, goods, or rights between parties, detailing transaction terms and conditions.

find out more

Land Buy Sell Agreement

An Australian legal agreement documenting the terms and conditions for the sale and purchase of real property, ensuring compliance with Australian property law and transfer requirements.

find out more

Source Code Purchase Agreement

An Australian agreement for the purchase and transfer of software source code, including all associated intellectual property rights and warranties.

find out more

Customer List Purchase Agreement

An Australian agreement governing the sale and purchase of customer lists between businesses, ensuring compliance with privacy laws and data protection requirements.

find out more

Sales Agreement Between Two Parties

An Australian-law governed agreement documenting the terms and conditions of a sale transaction between two parties, including goods description, price, and mutual obligations.

find out more

Contract To Buy A House From Owner

An Australian legal agreement for the direct sale and purchase of residential property between owner and buyer, containing all essential terms and conditions of the transaction.

find out more

For Sale By Owner Purchase Contract

An Australian legal contract for direct property sales between owner and buyer without real estate agent involvement.

find out more

Securities Purchase Agreement

An Australian law-governed agreement documenting the terms and conditions for the purchase and sale of securities, including transaction structure, price, warranties, and completion mechanics.

find out more

Heavy Equipment Purchase Agreement

An Australian-law governed agreement for the purchase and sale of heavy equipment, incorporating essential commercial terms and regulatory compliance requirements.

find out more

Second Hand Car Purchase Agreement

An Australian law-governed agreement for the sale and purchase of a second-hand vehicle, detailing vehicle specifications, price, and transfer terms.

find out more

Simple Stock Purchase Agreement

An Australian law-governed agreement for the straightforward transfer of shares between parties, detailing essential terms and conditions of the sale.

find out more

Probate Purchase Agreement

An Australian legal agreement governing the purchase of assets from a deceased estate, ensuring compliance with local probate laws and protecting all parties' interests.

find out more

Partnership Purchase Agreement

An Australian law-governed agreement documenting the sale and purchase of partnership interests, including terms, conditions, and obligations of all parties involved.

find out more

Non Binding Letter Of Intent To Purchase Product

An Australian-law governed preliminary document expressing formal but non-binding interest in purchasing specific products, outlining basic terms and conditions for potential transaction.

find out more

Letter Of Sales Agreement

An Australian-compliant formal document that outlines and confirms the terms and conditions of a sale between parties, serving as a legally binding agreement under Australian commercial law.

find out more

Dealer Purchase Agreement

An Australian law-governed agreement establishing terms between a supplier/manufacturer and dealer for product distribution and resale.

find out more

Cross Purchase Agreement

An Australian law-governed agreement establishing the framework for business owners to purchase another owner's interest upon specific triggering events.

find out more

Contract For Selling A Car Privately

An Australian legal agreement for the private sale of a motor vehicle, documenting terms, conditions, and transfer of ownership between private parties.

find out more

Easement Purchase Agreement

An Australian legal document that establishes the terms for purchasing and granting easement rights over property, compliant with state-specific property laws and registration requirements.

find out more

Lease Buy Out Agreement

An Australian law-governed agreement that enables the early termination of a lease through a structured buyout arrangement between landlord and tenant.

find out more

Receivable Purchase Agreement

An Australian law-governed agreement for the sale and transfer of accounts receivable from a business to a financial institution, establishing terms, pricing, and operational procedures.

find out more

Conditional Sales Purchase Agreement

An Australian law-governed agreement for the sale of goods where ownership transfer is conditional upon specific requirements, typically full payment.

find out more

Offer To Sell Real Estate Form

An Australian legal document outlining the formal offer to sell real estate property, including property details, price, and terms of sale, compliant with Australian property law.

find out more

Land Offer To Purchase

An Australian legal document representing a formal offer to purchase real property, compliant with state/territory property laws and establishing key terms and conditions of the proposed purchase.

find out more

Vehicle Purchase Contract

An Australian law-governed contract for the sale and purchase of a motor vehicle, including essential terms, conditions, and regulatory compliance requirements.

find out more

Client List Purchase Agreement

An Australian law-governed agreement for the sale and transfer of client lists between businesses, ensuring compliance with privacy and data protection requirements.

find out more

Timeshare Purchase Agreement

An Australian-compliant agreement for the purchase of timeshare interests in vacation properties, incorporating ASIC regulations and consumer protection requirements.

find out more

Lot Purchase Agreement

An Australian legal agreement governing the sale and purchase of a lot of land or property, outlining terms, conditions, and requirements under Australian property law.

find out more

Lease Purchase Agreement Car

An Australian legal agreement combining vehicle leasing with a purchase option, compliant with national consumer protection and financial services laws.

find out more

Art Purchase Agreement

An Australian law-governed agreement for the purchase and sale of artwork, covering ownership transfer, payment terms, and compliance with cultural heritage regulations.

find out more

Contract Agreement Between Supplier And Purchaser

An Australian law-governed agreement establishing terms and conditions between a supplier and purchaser for the ongoing supply of goods or services.

find out more

Real Estate Offer And Acceptance Form

An Australian legal document that formalizes the initial agreement between property buyers and sellers, serving as the foundation for the contract of sale.

find out more

Non Binding Purchase Agreement

An Australian law-governed preliminary agreement outlining proposed terms for a potential purchase transaction while maintaining a non-binding nature.

find out more

Model Stock Purchase Agreement

An Australian law-governed agreement for the sale and purchase of company shares, detailing transaction terms, warranties, and regulatory compliance requirements.

find out more

Co Purchase Agreement

An Australian law-governed agreement establishing terms and conditions for joint property purchase and ownership between multiple parties.

find out more

Commercial Offer To Purchase

An Australian legal document presenting a formal offer to purchase commercial property or business assets, outlining price, terms, and conditions.

find out more

Purchasing Agent Agreement

An Australian law-compliant agreement authorizing a purchasing agent to conduct procurement activities on behalf of a principal company.

find out more

Purchase Agreement For Car Loan

An Australian law-governed agreement establishing terms for vehicle purchase financing, compliant with national consumer credit protection legislation.

find out more

Purchase Agreement Car Dealership

An Australian law-governed agreement between a car dealership and buyer for the sale of a vehicle, incorporating federal and state automotive regulations.

find out more

Option Purchase Agreement Film

An Australian-law governed agreement granting exclusive rights to purchase film rights to a property within a specified period, typically used between rights holders and film producers.

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