Irrevocable Deed Template for Germany

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Key Requirements PROMPT example:

Irrevocable Deed

"Need to draft an Irrevocable Deed for the transfer of commercial property in Munich to my daughter's corporation, with completion scheduled for March 2025, including pre-emptive rights for adjacent property owners and specific land registry requirements."

Document background
The Irrevocable Deed is a specialized legal instrument under German law used when parties need to create permanently binding legal arrangements that cannot be unilaterally withdrawn or modified. This document type is particularly crucial in scenarios involving property transfers, succession planning, corporate restructuring, or the creation of permanent rights and obligations. The deed must be executed before a German notary public and requires strict adherence to formal requirements under the German Civil Code (BGB) and Notarial Authentication Law (BeurkG). It typically includes detailed party information, clear expression of irrevocable intent, specific subject matter descriptions, and any necessary governmental approvals or third-party consents. The document's irrevocable nature makes it particularly important in transactions where legal certainty and permanence are essential.
Suggested Sections

1. Notarial Authentication Header: Official notary information, date, and place of execution

2. Parties: Detailed identification of all appearing parties, including natural persons or legal entities, with full legal names, addresses, and registration details where applicable

3. Capacity and Representation: Confirmation of the legal capacity of appearing parties and verification of any representation rights

4. Background (Vorbemerkung): Context and circumstances leading to the deed's creation

5. Definitions: Key terms used throughout the deed

6. Subject Matter Declaration: Clear and unambiguous statement of the irrevocable declaration or transfer being made

7. Scope of Declaration: Detailed description of rights, obligations, or property being transferred or declared

8. Irrevocability Clause: Express statement of the irrevocable nature of the declaration and waiver of right to revoke

9. Consideration: Details of any consideration or payment involved

10. Representations and Warranties: Statements of fact and guarantees by the declaring party

11. Costs and Taxes: Allocation of notarial fees, taxes, and other transaction costs

12. Notarial Instructions: Instructions to the notary regarding land registry entries or other official actions

13. Closing Declarations: Final confirmations and notarial certifications

Optional Sections

1. Power of Attorney: Required when any party is acting through a representative

2. Condition Precedents: Include when the deed's effectiveness depends on certain conditions being met

3. Spousal Consent: Required when the subject matter involves matrimonial property

4. Pre-emption Rights: Include when there are existing pre-emption rights that need to be addressed

5. Inheritance Implications: Required when the deed has implications for inheritance rights or succession

6. Third Party Rights: Include when the deed affects rights of third parties not present at execution

7. Special Permissions: Required when the transaction needs governmental or regulatory approval

Suggested Schedules

1. Property Description: Detailed technical description of any real property involved, including land registry details

2. Asset Inventory: Itemized list of any movable property or assets covered by the deed

3. Official Documents: Copies of relevant official documents, permits, or certificates

4. Maps and Plans: Technical drawings, site plans, or property maps where relevant

5. Powers of Attorney: Copies of relevant powers of attorney or representation documents

6. Prior Agreements: Copies of any relevant preceding agreements or declarations

7. Corporate Resolutions: Required corporate authorizations or resolutions when legal entities are involved

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
Clauses
Relevant Industries

Real Estate

Banking and Financial Services

Legal Services

Corporate Services

Construction and Development

Agriculture

Energy

Manufacturing

Public Sector

Family Offices

Wealth Management

Non-Profit Organizations

Relevant Teams

Legal

Corporate Secretariat

Real Estate

Compliance

Tax

Finance

Business Development

Investment

Property Management

Executive Management

Risk Management

Corporate Development

Relevant Roles

Legal Counsel

Corporate Lawyer

Notary Public

Real Estate Manager

Property Developer

Estate Planning Advisor

Corporate Secretary

Compliance Officer

Tax Advisor

Trust Officer

Business Development Manager

Investment Manager

Property Manager

Managing Director

Chief Legal Officer

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

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