Unit Purchase Agreement Template for Canada

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Unit Purchase Agreement

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

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Unit Purchase Agreement

I need a Unit Purchase Agreement for the acquisition of 50 condominium units in Toronto, with closing scheduled for March 15, 2025, including financing contingencies and environmental assessment conditions.

Document background
The Unit Purchase Agreement is a fundamental transaction document in Canadian business and real estate practice, used to formalize the transfer of ownership of units between parties. It is essential for various types of unit transfers, including condominium units, business units, partnership interests, or trust units. The agreement must comply with Canadian federal laws and provincial regulations, particularly in areas of securities, property rights, and consumer protection. This document type is crucial for establishing the legal framework of the transaction, detailing all aspects from purchase price and payment terms to representations and closing conditions. The Unit Purchase Agreement serves as the primary record of the parties' rights and obligations, incorporating necessary provisions for regulatory compliance, tax considerations, and risk allocation. It's particularly important in Canadian jurisdictions where different provinces may have varying requirements for unit transfers, especially regarding securities regulations and property laws.
Suggested Sections

1. Parties: Identification of the seller and purchaser, including full legal names and addresses

2. Background: Context of the transaction, nature of the units being sold, and general purpose of the agreement

3. Definitions: Key terms used throughout the agreement, including Unit definition, Closing Date, Purchase Price, and other relevant terms

4. Purchase and Sale: Core transaction terms including description of units being sold and basic purchase commitment

5. Purchase Price and Payment: Detailed breakdown of purchase price, payment schedule, and payment methods

6. Closing Conditions: Conditions that must be satisfied before the transaction can close, including due diligence requirements

7. Representations and Warranties: Statements of fact and guarantees by both parties about their capacity, authority, and the units being sold

8. Covenants: Ongoing obligations of the parties before and after closing

9. Closing: Mechanics of closing, including timing, deliverables, and process

10. Termination: Circumstances under which the agreement can be terminated and the consequences

11. Indemnification: Provisions for compensating parties for losses arising from breaches or misrepresentations

12. General Provisions: Standard legal provisions including notices, amendments, governing law, etc.

Optional Sections

1. Financing Conditions: Include when purchaser requires financing to complete the transaction

2. Regulatory Approval: Required when the transaction needs governmental or regulatory approvals

3. Environmental Matters: Include for real property units with potential environmental concerns

4. Employee Matters: Include when the purchase involves business units with employees

5. Intellectual Property: Include when the units being purchased include or relate to IP rights

6. Tax Matters: Include detailed tax provisions when complex tax implications exist

7. Foreign Investment Provisions: Include when purchaser is a non-Canadian entity

8. Right of First Refusal: Include when other unit holders have ROFR rights

9. Management Transition: Include when the purchase requires management handover

Suggested Schedules

1. Schedule A - Description of Units: Detailed description of the units being purchased, including registration numbers or identifiers

2. Schedule B - Purchase Price Allocation: Breakdown of purchase price across different unit classes or assets if applicable

3. Schedule C - Closing Deliverables: Comprehensive list of documents and items to be delivered at closing

4. Schedule D - Representations and Warranties: Detailed representations and warranties of both parties

5. Schedule E - Encumbrances: List of any liens, charges, or encumbrances affecting the units

6. Schedule F - Required Consents: List of third-party or regulatory consents required for the transaction

7. Appendix 1 - Form of Transfer Documents: Templates of documents required to transfer the units

8. Appendix 2 - Due Diligence Documents: List or copies of key due diligence documents

9. Appendix 3 - Regulatory Filings: Copies of required regulatory forms and filings

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

Relevant legal definitions
0
Clauses
Relevant Industries

Real Estate

Financial Services

Investment Management

Property Development

Commercial Property

Residential Property

Professional Services

Manufacturing

Technology

Retail

Healthcare

Hospitality

Energy

Mining

Infrastructure

Relevant Teams

Legal

Finance

Corporate Development

Real Estate

Compliance

Risk Management

Investment

Property Management

Business Development

Due Diligence

Corporate Secretariat

Treasury

Tax

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer

General Counsel

Corporate Lawyer

Real Estate Lawyer

Property Manager

Investment Manager

Business Development Director

Compliance Officer

Legal Counsel

Transaction Manager

Corporate Secretary

Finance Director

Real Estate Agent

Property Developer

Investment Analyst

Due Diligence Officer

Risk Manager

Unit Trust 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

Lease Option To Buy Agreement

A Canadian legal agreement combining a property lease with an option for the tenant to purchase the property under specified terms and conditions.

find out more

Special Sales Contract (Real Estate)

A Canadian-law governed contract for real estate sales that details property transfer terms, conditions, and party obligations.

find out more

Simple Offer To Purchase Form

A Canadian legal document presenting a formal offer to purchase real property, incorporating essential terms and conditions in compliance with provincial regulations.

find out more

Commercial Truck Purchase Agreement

A Canadian-law governed agreement for the purchase and sale of commercial trucks, detailing transaction terms and regulatory compliance requirements.

find out more

Source Code Purchase Agreement

A Canadian-law governed agreement for the sale and transfer of software source code, including associated intellectual property rights and technical specifications.

find out more

Letter Of Intent (Real Estate)

A preliminary document under Canadian law that outlines the key terms and conditions for a proposed real estate transaction, serving as a framework for subsequent negotiations and agreements.

find out more

Bike Purchase Agreement

A Canadian-law governed agreement for the sale and purchase of bicycles, outlining terms of sale, warranties, and parties' responsibilities.

find out more

Offer And Acceptance (Real Estate)

A legally binding Canadian real estate document that outlines the terms and conditions of a property purchase offer and its acceptance, governed by provincial property laws.

find out more

Letter Of Intent Commercial (Real Estate)

A preliminary agreement document under Canadian law that outlines key terms and conditions for commercial real estate transactions, serving as a framework for final negotiations.

find out more

For Sale By Owner Real Estate Purchase Agreement

A Canadian legal agreement for direct property sales between owners and buyers without real estate agent involvement.

find out more

Contract For Selling A Car With Payments

A Canadian law-governed agreement for vehicle sale with installment payments, establishing payment terms, security interests, and ownership transfer conditions.

find out more

Heavy Equipment Purchase Agreement

A Canadian-law governed agreement for the purchase of heavy equipment, detailing specifications, terms, and conditions of sale while ensuring regulatory compliance.

find out more

Letter Of Intent To Purchase

A Canadian preliminary document outlining proposed terms and conditions for a purchase transaction, serving as a framework for subsequent formal agreements.

find out more

Lease With Option To Purchase Agreement

A Canadian legal agreement combining property lease terms with an option for the tenant to purchase the property under specified conditions and timeframes.

find out more

Conditional Purchase Agreement

A Canadian legal agreement establishing terms for a purchase transaction subject to specific conditions, incorporating federal and provincial legal requirements.

find out more

Agreement To Sell And Agreement For Sale

A Canadian legal document combining future sale commitment and current sale terms, governed by federal and provincial commercial laws.

find out more

Agreement For Sale Of Flat

A Canadian legal document governing the sale and purchase of a flat, detailing terms, conditions, and obligations of all parties involved in the property transfer.

find out more

Simple Stock Purchase Agreement

A Canadian-law governed agreement for the purchase and sale of corporate shares, detailing transaction terms and ensuring regulatory compliance.

find out more

Probate Purchase Agreement

A Canadian law-governed agreement for the purchase of probate estate assets, outlining terms, conditions, and compliance requirements for estate asset transfers.

find out more

Offer And Agreement To Purchase Mobile Home

A Canadian legal agreement governing the purchase and sale of mobile homes, addressing both property transfer and site arrangement terms under provincial regulations.

find out more

Non Binding Letter Of Intent To Purchase Product

A Canadian-law governed preliminary document expressing intent to purchase products while maintaining a non-binding status and outlining basic terms for negotiation.

find out more

Land Sell Agreement Form

A Canadian legal document governing the transfer of land ownership between parties, outlining all essential terms and conditions of the sale transaction.

find out more

Earnest Money Form

A Canadian legal document that formalizes and governs the earnest money deposit in real estate transactions, subject to provincial regulations.

find out more

Dealer Purchase Agreement

A Canadian-law governed agreement establishing terms for product sales between a manufacturer/supplier and dealer, including territorial rights, pricing, and operational requirements.

find out more

Cross Purchase Agreement

A Canadian-law agreement establishing terms and conditions for shareholders to purchase shares from other shareholders upon specified triggering events.

find out more

Agreement For House Purchase

A legal contract governing the purchase and sale of residential property in Canada, outlining terms, conditions, and obligations for property transfer.

find out more

Lease To Buy Land

A Canadian legal agreement combining a land lease with a purchase option, establishing terms for both temporary use and potential ownership transfer.

find out more

Gas Station Purchase Agreement

A Canadian law-governed agreement for the purchase and sale of a gas station business, including real estate, equipment, and operational assets.

find out more

Semi Truck Purchase Agreement Form

A Canadian-compliant purchase agreement form for semi trucks, covering vehicle specifications, purchase terms, and regulatory requirements under federal and provincial laws.

find out more

Horse Lease Agreement With Option To Purchase

Canadian-law governed agreement for horse leasing with purchase option, detailing lease terms, care requirements, and purchase conditions.

find out more

Contract For Selling A House By Owner

A Canadian legal agreement for the direct sale of residential property between owner and buyer without real estate agent involvement.

find out more

Wholesale Product Purchase Agreement

Canadian-law governed agreement for wholesale product purchases, establishing terms for bulk commercial transactions between businesses.

find out more

House Offer Contract

A Canadian legal document presenting a formal offer to purchase residential property, outlining key terms and conditions under Canadian federal and provincial law.

find out more

Tractor Purchase Agreement

A Canadian-law governed agreement establishing terms and conditions for the purchase and sale of a tractor, including specifications, pricing, warranties, and delivery terms.

find out more

Lease Buy Out Agreement

A Canadian-law governed agreement that enables early lease termination through a structured buyout payment and release of obligations.

find out more

Option To Purchase Form

A Canadian legal document granting the exclusive right to purchase specified property within a set timeframe and price, subject to federal and provincial regulations.

find out more

Land Offer To Purchase

A Canadian legal document outlining terms and conditions under which a buyer offers to purchase real estate property, subject to provincial/territorial regulations.

find out more

Pre Contract Agreement Property Purchase

A Canadian preliminary agreement outlining proposed terms and conditions for a property purchase, serving as a framework for negotiation and due diligence.

find out more

Simple Offer To Purchase Land Form

A Canadian legal document presenting a formal offer to purchase land or property, outlining key terms and conditions of the proposed transaction.

find out more

Hydrogen Purchase Agreement

A Canadian-law governed agreement setting out terms for commercial hydrogen sale and purchase, including quantity, quality, delivery, and regulatory compliance requirements.

find out more

Client List Purchase Agreement

A Canadian-law governed agreement for the purchase and transfer of client lists between businesses, ensuring compliance with federal and provincial privacy regulations.

find out more

Letter Of Intent To Buy A Business

A preliminary document under Canadian law that outlines the proposed terms and key conditions for a business acquisition, serving as a framework for negotiating the final purchase agreement.

find out more

Timeshare Purchase Agreement

A Canadian legal agreement for the purchase of timeshare interests in vacation properties, complying with federal and provincial regulations.

find out more

Gold Purchase Agreement

A Canadian-law governed agreement setting out terms and conditions for gold purchase transactions, including pricing, delivery, and regulatory compliance requirements.

find out more

As Is Purchase Agreement For Home

A Canadian residential property purchase agreement that facilitates the sale of homes in their current condition without warranties, while maintaining compliance with Canadian real estate laws.

find out more

Art Purchase Agreement

A Canadian law-governed agreement for the purchase and sale of artwork, including terms of sale, warranties, and regulatory compliance requirements.

find out more

Token Purchase Agreement

A Canadian-law governed agreement establishing terms and conditions for digital token purchases, ensuring compliance with securities and digital asset regulations.

find out more

Standard Real Estate Contract

A legally binding agreement under Canadian law that documents the terms and conditions for the purchase and sale of real property.

find out more

Real Estate Offer And Acceptance Form

A Canadian legal document that formalizes a buyer's offer to purchase property and the seller's acceptance, complying with provincial real estate regulations.

find out more

Model Stock Purchase Agreement

A template agreement for share purchase transactions under Canadian law, outlining terms and conditions for buying and selling company shares.

find out more

Commercial Offer To Purchase

A Canadian legal document initiating the purchase of commercial real estate, outlining proposed terms and conditions for the transaction.

find out more

Purchasing Agent Agreement

A Canadian-law governed agreement establishing the terms and conditions under which a purchasing agent can procure goods or services on behalf of a principal.

find out more

Purchase Agreement For Car Loan

A Canadian legal agreement combining vehicle purchase terms and loan financing arrangements, subject to federal and provincial regulations.

find out more

Option Purchase Agreement Film

A Canadian-law governed agreement granting exclusive rights to option and potentially purchase intellectual property for film adaptation.

find out more

Employee Laptop Purchase Agreement

A Canadian-law governed agreement establishing terms for an employee's purchase of a company laptop through payroll deductions.

find out more

Buy Sell Agreement Form

A Canadian legal agreement that establishes the terms and procedures for buying and selling ownership interests in a business, ensuring smooth ownership transitions.

find out more

Wholesale Purchase Agreement Contract

A Canadian-law governed agreement establishing terms for wholesale purchase and supply of goods between commercial parties.

find out more

Quota Purchase Agreement

A Canadian legal agreement for transferring regulated market quotas between parties, subject to federal and provincial oversight.

find out more

Price Purchase Agreement

A Canadian-law governed agreement establishing payment terms and conditions for a purchase price in commercial transactions.

find out more

Bond Purchase Agreement

A Canadian-law governed agreement establishing terms and conditions for the sale and purchase of bonds, detailing bond characteristics, parties' obligations, and regulatory compliance requirements.

find out more

Vehicle Purchase Agreement

A Canadian-compliant agreement documenting the sale and purchase of a vehicle, including terms, conditions, and transfer of ownership details.

find out more

Product Purchase Agreement

A Canadian-law governed agreement establishing terms and conditions for the sale and purchase of products between parties, including specifications, pricing, delivery, and warranties.

find out more

Medical Equipment Purchase Agreement

Canadian-law governed agreement for medical equipment purchase, incorporating federal and provincial healthcare regulations and compliance requirements.

find out more

Letter Of Intent To Purchase Shares

A preliminary document under Canadian law outlining the proposed terms for share acquisition, setting the framework for final negotiations.

find out more

Land Option Agreement

A Canadian-law governed agreement granting exclusive rights to purchase specified land within a defined period, subject to federal and provincial property regulations.

find out more

Entity Purchase Agreement

A Canadian law-governed agreement documenting the purchase and sale of a business entity, including all essential terms and conditions for the transaction.

find out more

Retail Purchase Agreement

A Canadian-law governed agreement documenting the terms and conditions of a retail sale between a business and customer.

find out more

Hardware Purchase Agreement

A Canadian-law governed agreement establishing terms and conditions for hardware equipment purchase, including specifications, pricing, delivery, warranties, and compliance requirements.

find out more

Furniture Purchase Agreement

A Canadian-law governed agreement establishing terms and conditions for furniture purchase and sale, including pricing, delivery, and warranties.

find out more

Direct Purchase Agreement

A Canadian-law governed agreement establishing terms and conditions for direct purchase of goods or services between buyer and seller.

find out more

As Is Purchase Agreement

A Canadian legal agreement for the sale of assets in their current condition without warranties, where the buyer accepts all known and unknown defects.

find out more

Company Purchase Agreement

A legally binding agreement under Canadian law that documents the terms and conditions for the purchase and sale of a company.

find out more

Letter Of Offer To Purchase Property

A formal Canadian legal document presenting a buyer's offer to purchase property, including proposed terms and conditions, subject to provincial real estate laws.

find out more

Material Purchase Agreement

A Canadian-law governed agreement establishing terms and conditions for material purchase and supply relationships, including specifications, pricing, and delivery terms.

find out more

Heat Purchase Agreement

A Canadian-law governed agreement establishing terms and conditions for thermal energy supply and purchase, including technical specifications, pricing, and operational requirements.

find out more

Buy Out Agreement

A Canadian law-governed agreement detailing the terms and conditions for the purchase and sale of business ownership interests, including price, conditions, and closing requirements.

find out more

Short Form Asset Purchase Agreement

A concise Canadian law agreement for the purchase and sale of business assets, covering essential transaction terms and conditions.

find out more

Power Sale Agreement

Canadian-law governed agreement for the sale and purchase of electrical power, establishing commercial and technical terms for power delivery under federal and provincial regulations.

find out more

Offer To Purchase Contract

A Canadian legal document that formalizes a buyer's intention to purchase a property and outlines the terms and conditions of the proposed real estate transaction.

find out more

Special Purchase Agreement

A specialized legal agreement for complex procurement transactions in Canada, incorporating detailed terms and conditions for significant purchases under Canadian law.

find out more

Shares Purchase Agreement

A Canadian law-governed agreement documenting the terms and conditions for the purchase and sale of shares in a company, including price, warranties, and completion mechanics.

find out more

Membership Interest Purchase Agreement

A Canadian law-governed agreement documenting the purchase and sale of membership interests in a business entity, including transaction terms and regulatory compliance requirements.

find out more

Deferred Purchase Agreement

A Canadian law-governed agreement establishing terms for a future purchase transaction with deferred completion, including payment terms and conditions precedent.

find out more

House Purchase Agreement Form

A legally binding Canadian real estate contract that documents the terms and conditions for the purchase and sale of residential property.

find out more

Buyers Agreement Form

A Canadian legal document establishing the terms of representation between a property buyer and real estate brokerage/agent for property purchase transactions.

find out more

Bulk Purchase Agreement

A Canadian-law governed agreement establishing terms for bulk purchasing arrangements, including volume commitments, pricing, and delivery terms.

find out more

Assignable Real Estate Contract

A Canadian-law governed real estate purchase agreement with assignment rights, enabling the transfer of purchase rights to third parties while ensuring legal compliance and protection of all parties.

find out more

Unit Purchase Agreement

A Canadian legal agreement governing the purchase and sale of property or business units, subject to federal and provincial regulations.

find out more

Service Purchase Agreement

A Canadian-law governed agreement establishing terms and conditions for service procurement between a provider and customer, including service scope, payment terms, and performance standards.

find out more

Reverse Purchase Agreement

Canadian agreement for sale of goods with a binding commitment to repurchase at predetermined terms.

find out more

Purchase And Supply Agreement

A Canadian-law governed agreement establishing terms for ongoing supply of goods between a supplier and purchaser, including pricing, delivery, and quality requirements.

find out more

Exclusive Purchase Agreement

A Canadian-law governed agreement establishing an exclusive purchasing relationship between a supplier and buyer, with defined terms and competition law compliance.

find out more

Advance Purchase Agreement

A Canadian law-governed agreement establishing terms for advance purchase and future delivery of goods, including payment and delivery obligations.

find out more

Purchase Order Contract

A Canadian-law governed commercial contract that formalizes the terms and conditions of a purchase transaction between a buyer and seller.

find out more

Contract Purchase Agreement

A Canadian-law governed agreement establishing terms and conditions for commercial purchase and sale transactions between parties.

find out more

Software Acquisition Agreement

A Canadian-law governed agreement for software purchase and implementation, outlining licensing, implementation, and maintenance terms between vendor and purchaser.

find out more

Letter Of Intent To Acquire A Company

A preliminary agreement under Canadian law outlining key terms and conditions for a proposed company acquisition, establishing framework for negotiation and due diligence.

find out more

Purchase Agreement For Farm Equipment

A Canadian-law governed agreement for the purchase and sale of farm equipment, detailing terms, conditions, and warranties for agricultural machinery transactions.

find out more

Inventory Purchase Agreement

A Canadian-law governed agreement establishing terms for inventory purchase and sale, including pricing, delivery, quality requirements, and risk allocation.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

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

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.