The Agreement To Sell Personal Property is a fundamental legal document used across Canadian jurisdictions to facilitate the transfer of ownership of personal property from a seller to a buyer. This document is essential when parties wish to formalize the sale of any movable property, from basic consumer goods to complex industrial equipment. It ensures compliance with provincial Sale of Goods Acts and other relevant legislation, while providing clear documentation of the transaction terms, conditions, and obligations of all parties involved. The agreement is particularly important for protecting both buyers' and sellers' interests by clearly stating the property's description, purchase price, payment terms, delivery arrangements, and any warranties or representations. It can be used for both private and commercial transactions, and can be adapted to include additional provisions such as security interests, financing conditions, or specific warranties as required by the nature of the property or the transaction.
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1. Parties: Identifies and provides full legal details of the seller and buyer
2. Background: Sets out the context of the sale and confirms the seller's ownership of the property
3. Definitions: Defines key terms used throughout the agreement
4. Property Description: Detailed description of the personal property being sold
5. Purchase Price: States the agreed purchase price and payment terms
6. Payment Terms: Specifies the method, timing, and conditions of payment
7. Transfer of Title: Details when and how legal ownership transfers from seller to buyer
8. Delivery: Specifies delivery arrangements, timing, and responsibilities
9. Seller's Representations: Seller's declarations regarding ownership, condition, and encumbrances
10. Risk and Insurance: Addresses who bears risk of loss and insurance requirements
11. Closing: Details the closing process and requirements
12. General Provisions: Standard contract clauses including governing law, notices, and amendments
1. Financing Conditions: Include when buyer requires financing to complete the purchase
2. Inspection Rights: Add when buyer wishes to inspect property before closing
3. Warranties: Include specific warranties beyond basic representations
4. Security Interest: Include if seller retains security interest until full payment
5. Maintenance and Operation: Add for complex equipment requiring specific maintenance instructions
6. Training and Support: Include if seller will provide training on property use
7. Intellectual Property: Add if the property includes or relates to IP rights
8. Export Controls: Include if property may be subject to export restrictions
1. Schedule A - Property Description: Detailed technical specifications and photographs of the property
2. Schedule B - Purchase Price Breakdown: Itemized breakdown of the purchase price if multiple items
3. Schedule C - Delivery Schedule: Detailed delivery timeline and logistics if complex delivery required
4. Schedule D - Maintenance Requirements: Detailed maintenance specifications for complex equipment
5. Schedule E - Existing Encumbrances: List of any existing liens or encumbrances on the property
6. Appendix 1 - Condition Report: Current condition assessment of the property
7. Appendix 2 - Operating Manual: Operating instructions for complex equipment
Relevant legal definitions
Agreement
Business Day
Closing
Closing Date
Deposit
Delivery Date
Effective Date
Encumbrances
Event of Default
Fair Market Value
Force Majeure
Governing Law
Insurance
Intellectual Property Rights
Liens
Notice
Party/Parties
Payment Terms
Personal Property
Purchase Price
Representatives
Security Interest
Seller's Knowledge
Specifications
Title Documents
Transaction
Transfer Date
Warranties
Business Day
Closing
Closing Date
Deposit
Delivery Date
Effective Date
Encumbrances
Event of Default
Fair Market Value
Force Majeure
Governing Law
Insurance
Intellectual Property Rights
Liens
Notice
Party/Parties
Payment Terms
Personal Property
Purchase Price
Representatives
Security Interest
Seller's Knowledge
Specifications
Title Documents
Transaction
Transfer Date
Warranties
Clauses
Recitals
Definitions
Sale and Purchase
Purchase Price
Payment Terms
Title Transfer
Delivery
Representations and Warranties
Condition of Property
Risk of Loss
Insurance
Security Interest
Inspection Rights
Seller's Obligations
Buyer's Obligations
Default
Remedies
Force Majeure
Assignment
Notices
Amendments
Severability
Entire Agreement
Governing Law
Dispute Resolution
Indemnification
Costs and Expenses
Confidentiality
Further Assurances
Counterparts
Definitions
Sale and Purchase
Purchase Price
Payment Terms
Title Transfer
Delivery
Representations and Warranties
Condition of Property
Risk of Loss
Insurance
Security Interest
Inspection Rights
Seller's Obligations
Buyer's Obligations
Default
Remedies
Force Majeure
Assignment
Notices
Amendments
Severability
Entire Agreement
Governing Law
Dispute Resolution
Indemnification
Costs and Expenses
Confidentiality
Further Assurances
Counterparts
Relevant Industries
Retail
Manufacturing
Agriculture
Automotive
Technology
Construction
Industrial Equipment
Consumer Goods
Art and Collectibles
Heavy Machinery
Office Equipment
Medical Equipment
Relevant Teams
Legal
Procurement
Sales
Operations
Finance
Risk Management
Compliance
Asset Management
Commercial Operations
Contract Administration
Relevant Roles
Sales Manager
Procurement Manager
Legal Counsel
Contract Administrator
Business Owner
Asset Manager
Operations Manager
Finance Manager
Commercial Director
Property Manager
Compliance Officer
Risk Manager
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