The Simple Buy Sell Agreement is a fundamental commercial contract used when one party wishes to sell and another wishes to purchase goods or assets. This document, governed by English and Welsh law, is particularly useful for straightforward transactions where parties need to clearly document the terms of sale, price, payment arrangements, and delivery conditions. It incorporates essential protections for both parties while remaining simpler than more complex commercial agreements. The agreement is commonly used for both business-to-business and business-to-consumer transactions, though additional consumer protection provisions may apply in the latter case.
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1. Parties: Identification and details of buyer and seller
2. Background: Context of the transaction and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transaction including price and goods
5. Payment Terms: Payment amount, method, and timing
6. Delivery: Delivery terms, timing, and logistics
7. Title and Risk: Transfer of ownership and risk in goods
8. Warranties: Basic warranties regarding goods and authority to sell
1. Due Diligence: Additional provisions for complex transactions requiring verification of goods or circumstances
2. Intellectual Property: Provisions dealing with IP rights transfer or licensing when intellectual property is involved in the sale
3. Confidentiality: Provisions for protection of sensitive information shared during the transaction
4. Force Majeure: Provisions dealing with unforeseen circumstances affecting contract performance
1. Schedule 1: Description of Goods: Detailed specification of goods being sold
2. Schedule 2: Price and Payment Schedule: Detailed breakdown of pricing and payment terms
3. Schedule 3: Delivery Schedule: Detailed delivery requirements and timeframes
4. Appendix A: Technical Specifications: Technical details and specifications of goods where applicable
Relevant legal definitions
Agreement
Assets
Business Day
Buyer
Completion
Completion Date
Confidential Information
Contract Price
Delivery Date
Delivery Location
Encumbrance
Goods
Intellectual Property Rights
Law
Liability
Loss
Party/Parties
Payment Terms
Purchase Price
Representatives
Seller
Specifications
Tax
Term
Territory
Title
VAT
Warranties
Assets
Business Day
Buyer
Completion
Completion Date
Confidential Information
Contract Price
Delivery Date
Delivery Location
Encumbrance
Goods
Intellectual Property Rights
Law
Liability
Loss
Party/Parties
Payment Terms
Purchase Price
Representatives
Seller
Specifications
Tax
Term
Territory
Title
VAT
Warranties
Clauses
Sale and Purchase
Purchase Price
Payment Terms
Delivery
Title and Risk
Warranties
Representations
Condition of Goods
Quality Standards
Inspection Rights
Transfer of Title
Delivery Terms
Acceptance
Returns
Confidentiality
Force Majeure
Termination
Default
Remedies
Indemnification
Liability Limitations
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Third Party Rights
VAT and Taxation
Purchase Price
Payment Terms
Delivery
Title and Risk
Warranties
Representations
Condition of Goods
Quality Standards
Inspection Rights
Transfer of Title
Delivery Terms
Acceptance
Returns
Confidentiality
Force Majeure
Termination
Default
Remedies
Indemnification
Liability Limitations
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Third Party Rights
VAT and Taxation
Relevant Industries
Relevant Teams
Relevant Roles
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