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1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background/Recitals: Context of the transaction and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Description of Property: Detailed description of the personal property being sold
5. Purchase Price and Payment Terms: Price, payment method, and payment schedule
6. Transfer of Title: Terms of ownership transfer and delivery details
7. Representations and Warranties: Statements of fact and guarantees about the property's condition
8. Governing Law: Jurisdiction and applicable law
9. Signature Block: Execution provisions and date
1. Financing Terms: Details of any financing arrangements when purchase involves seller financing or installment payments
2. Inspection Rights: Buyer's right to inspect property before purchase, typically used for high-value items or when condition is crucial
3. Security Interest: Seller's security interest in property until full payment, included when seller financing is involved
4. Insurance Requirements: Insurance obligations during transfer period, used for high-value items or extended delivery periods
5. Maintenance and Storage: Responsibilities for property care before transfer, used when there's a gap between agreement and delivery
1. Property Description Schedule: Detailed technical specifications or inventory list
2. Payment Schedule: Detailed payment terms if installment payments involved
3. Condition Report: Documentation of property condition at time of sale
4. Title Documents: Copies of relevant ownership documents
5. Maintenance Records: History of maintenance and repairs if relevant
Buyer
Seller
Property
Purchase Price
Closing Date
Delivery Date
Effective Date
Encumbrances
Title
Warranties
Default
Force Majeure
Business Day
Condition Precedent
Inspection Period
Payment Terms
Security Interest
Transfer Documents
Governing Law
Permitted Use
Material Adverse Change
Maintenance Records
Acceptance
Defect
Payment Terms
Title Transfer
Delivery
Representations and Warranties
Inspection Rights
Condition of Property
Risk of Loss
Default and Remedies
Force Majeure
Assignment
Indemnification
Insurance
Warranties
Security Interest
Notices
Entire Agreement
Amendment
Severability
Governing Law
Dispute Resolution
Counterparts
Further Assurances
Survival
Waiver
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