The Deed of Sale Contract is used when parties require the additional legal protection and formality offered by execution as a deed, rather than a simple contract. This document is particularly important for high-value transactions or where the transfer of ownership needs to be unequivocally documented. Under English and Welsh law, a Deed of Sale Contract provides a longer limitation period (12 years instead of 6) and doesn't require consideration to be valid. It includes detailed descriptions of the asset being sold, purchase price, completion arrangements, and any warranties or representations made by the seller.
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1. Parties: Details of the seller and buyer, including full legal names and addresses
2. Background: Context of the sale and brief description of the property/goods being sold
3. Definitions: Key terms used throughout the deed
4. Sale and Purchase: Core terms of the sale including the asset description and price
5. Completion: Details of when and how the sale will complete
6. Warranties: Seller's warranties regarding the asset being sold
7. Execution: Formal execution blocks for signing as a deed
1. Title Guarantee: Specifies the type of title guarantee given by the seller - used in property transactions
2. VAT: Details the VAT treatment of the sale when applicable to the transaction
3. Assignment of Rights: Covers the transfer of associated rights when additional rights need to be transferred with the main asset
1. Schedule 1 - Property Description: Detailed description of the property or asset being sold, including all relevant specifications and details
2. Schedule 2 - Inventory: Comprehensive list of included items, fixtures, and fittings that form part of the sale
3. Schedule 3 - Encumbrances: List of any existing charges, mortgages, restrictions or other encumbrances affecting the asset
Relevant legal definitions
Agreement
Asset
Business Day
Completion
Completion Date
Contract Rate
Deposit
Encumbrances
Execution Date
Land Registry
Law
Parties
Price
Property
Purchase Price
Relevant Authority
Sale
Seller's Solicitors
Buyer's Solicitors
Title
Transfer
VAT
Warranties
Working Day
Land
Fixtures and Fittings
Planning Permission
Property Rights
Title Number
Registered Title
Goods
Delivery
Specification
Condition
Quality Standards
Asset
Business Day
Completion
Completion Date
Contract Rate
Deposit
Encumbrances
Execution Date
Land Registry
Law
Parties
Price
Property
Purchase Price
Relevant Authority
Sale
Seller's Solicitors
Buyer's Solicitors
Title
Transfer
VAT
Warranties
Working Day
Land
Fixtures and Fittings
Planning Permission
Property Rights
Title Number
Registered Title
Goods
Delivery
Specification
Condition
Quality Standards
Clauses
Definitions and Interpretation
Sale and Purchase
Purchase Price
Payment Terms
Completion
Title Guarantee
Warranties
Representations
Condition of Asset
Risk and Insurance
Assignment
VAT
Notices
Entire Agreement
Severability
Further Assurance
Costs
Governing Law
Jurisdiction
Title Matters
Land Registry
Planning and Building Regulations
Vacant Possession
Property Rights
Environmental Matters
Fixtures and Fittings
Delivery
Quality Standards
Product Specifications
Returns
Defects
Title Retention
Sale and Purchase
Purchase Price
Payment Terms
Completion
Title Guarantee
Warranties
Representations
Condition of Asset
Risk and Insurance
Assignment
VAT
Notices
Entire Agreement
Severability
Further Assurance
Costs
Governing Law
Jurisdiction
Title Matters
Land Registry
Planning and Building Regulations
Vacant Possession
Property Rights
Environmental Matters
Fixtures and Fittings
Delivery
Quality Standards
Product Specifications
Returns
Defects
Title Retention
Relevant Industries
Relevant Teams
Relevant Roles
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