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1. Parties: Identifies and provides full legal names and addresses of the seller and buyer
2. Background: Establishes the context of the sale and confirms the seller's ownership and right to sell the property
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Property Description: Detailed description of the personal property being sold, including identification numbers, condition, and specific characteristics
5. Purchase Price: Specifies the agreed purchase price and payment terms, including deposit requirements and payment schedule
6. Transfer of Ownership: Establishes when and how ownership transfers from seller to buyer
7. Seller's Representations and Warranties: Seller's statements regarding ownership, condition of property, and absence of encumbrances
8. Buyer's Representations: Buyer's acknowledgments regarding inspection and acceptance of property condition
9. Closing: Details of the closing process, including timing, location, and required documentation
10. Risk and Insurance: Specifies when risk transfers to the buyer and insurance requirements
11. Default and Remedies: Outlines what constitutes default and the available remedies for each party
12. General Provisions: Standard contract clauses including governing law, notices, and amendment procedures
13. Execution: Signature blocks and date of agreement
1. Inspection Period: Used when buyer requires time to inspect the property before finalizing the purchase
2. Financing Contingency: Include when the purchase is contingent on buyer obtaining financing
3. Security Interest: Required when seller retains security interest until full payment is received
4. Delivery Terms: Include when specific delivery arrangements need to be detailed
5. Maintenance and Operation: Important for complex equipment or machinery sales
6. Training and Documentation: Include when seller must provide training or operating manuals
7. Trade-In Details: Used when the transaction involves a trade-in of other property
8. Commission or Broker Fees: Include when a broker or agent is involved in the sale
1. Schedule A - Property Details: Detailed specifications, photographs, and condition report of the property
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms if involving multiple payments
3. Schedule C - Bill of Sale: Form of bill of sale to be executed at closing
4. Schedule D - Maintenance Records: Historical maintenance and repair records for the property
5. Appendix 1 - Inspection Report: Third-party inspection reports or condition assessments
6. Appendix 2 - Title Documents: Copies of relevant title documents or proof of ownership
7. Appendix 3 - Operating Manuals: Technical documentation and operating instructions if applicable
Closing Date
Closing
Deposit
Effective Date
Encumbrance
Force Majeure
Governing Law
GST/HST
Inspection Period
Party/Parties
Personal Property
Property
Purchase Price
Purchaser
Sale
Seller
Title Documents
Transfer Date
Warranties
Business Day
Confidential Information
Default
Delivery Location
Inspection Report
Intellectual Property Rights
Lien
Material Adverse Change
Notice
Payment Terms
Permitted Encumbrances
Registration
Security Interest
Taxes
Transaction Documents
Property Description
Purchase Price
Payment Terms
Transfer of Title
Representations and Warranties
Condition of Property
Risk and Insurance
Delivery
Inspection Rights
Default and Remedies
Indemnification
Force Majeure
Governing Law
Dispute Resolution
Confidentiality
Assignment
Notices
Amendment
Entire Agreement
Severability
Waiver
Survival
Time of Essence
Further Assurances
Counterparts
Tax Matters
Security Interest
Registration
Termination
Compliance with Laws
Authority to Contract
Release
Costs and Expenses
Retail
Manufacturing
Agriculture
Construction
Transportation
Technology
Arts and Collectibles
Industrial Equipment
Automotive
Small Business
Real Estate
Financial Services
Professional Services
Entertainment
Legal
Procurement
Finance
Operations
Risk Management
Compliance
Asset Management
Sales
Administration
Contract Management
Business Owner
Asset Manager
Property Manager
Sales Manager
Procurement Manager
Legal Counsel
Compliance Officer
Contract Administrator
Operations Manager
Finance Manager
Risk Manager
Commercial Director
Business Development Manager
Fleet Manager
Equipment Manager
Administrative Officer
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