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1. Parties: Identification and details of all parties entering into the joint purchase agreement
2. Background: Context of the transaction and brief description of the parties' intention to jointly purchase the asset
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules for interpreting the agreement
4. Purchase Price and Contributions: Total purchase price and detailed breakdown of each party's financial contribution
5. Asset Description: Detailed description of the asset being purchased jointly
6. Ownership Structure: Specification of ownership percentages and type of ownership (e.g., joint tenants, tenants in common)
7. Management and Decision Making: Procedures for making decisions regarding the jointly owned asset
8. Costs and Expenses: Allocation of ongoing costs, maintenance expenses, and other related expenditures
9. Transfer and Registration: Process and responsibilities for transfer of the asset and registration of ownership
10. Duration and Termination: Term of the agreement and circumstances under which it can be terminated
11. Dispute Resolution: Procedures for resolving disputes between the parties
12. General Provisions: Standard legal provisions including notices, governing law, and entire agreement clause
1. Financing Arrangements: Details of any mortgage or financing arrangements, required when the purchase involves external financing
2. Usage Rights: Rules about how the asset can be used by different parties, relevant for assets with shared usage
3. Exit Mechanisms: Procedures for one party to exit the agreement or sell their share, important for long-term arrangements
4. Income Distribution: Rules for sharing any income generated from the asset, relevant for income-producing properties
5. Insurance Requirements: Specific insurance obligations of the parties, important for valuable assets
6. Property Management: Appointment and duties of property managers, relevant for complex assets requiring professional management
7. Pre-emptive Rights: Rights of first refusal if one party wishes to sell their share
8. Death and Incapacity: Procedures to follow in case of death or incapacity of any party
1. Schedule A - Asset Details: Detailed description and specifications of the asset being purchased
2. Schedule B - Financial Contributions: Detailed breakdown of each party's financial contributions and payment schedule
3. Schedule C - Management Procedures: Detailed procedures for day-to-day management and decision-making
4. Schedule D - Maintenance Schedule: Regular maintenance requirements and responsibilities
5. Appendix 1 - Property Documents: Copies of relevant property documents, titles, or certificates
6. Appendix 2 - Valuation Reports: Independent valuation reports or assessments
7. Appendix 3 - Due Diligence Reports: Results of any due diligence investigations
Asset
Business Day
Closing Date
Commencement Date
Completion
Confidential Information
Conditions Precedent
Contribution
Effective Date
Encumbrance
Financial Year
Force Majeure
Governing Law
Joint Purchasers
Management Committee
Material Adverse Change
Operating Costs
Ownership Share
Parties
Purchase Price
Related Parties
Seller
Signature Date
Special Resolution
Transfer Date
Transfer Duty
Transaction
Usage Rights
VAT
Management Decision
Ordinary Resolution
Property
Purchase Consideration
Rights and Interests
Share Certificate
Transfer Documents
Valuation
Warranties
Conditions Precedent
Purchase Price
Payment Terms
Asset Transfer
Ownership Structure
Management Rights
Decision Making
Financial Contributions
Operating Costs
Maintenance Obligations
Usage Rights
Pre-emptive Rights
Transfer Restrictions
Death and Incapacity
Default
Dispute Resolution
Confidentiality
Force Majeure
Warranties and Representations
Indemnification
Insurance
Notices
Assignment
Amendment
Severability
Entire Agreement
Governing Law
Jurisdiction
Costs
Due Diligence
Property Registration
Exit Mechanisms
Income Distribution
Tax Matters
Termination
Signature Requirements
Compliance with Laws
Further Assurance
Good Faith
Real Estate
Commercial Property
Agriculture
Manufacturing
Mining
Retail
Hospitality
Industrial
Technology
Transportation
Energy
Legal
Finance
Property Management
Operations
Procurement
Risk Management
Commercial
Business Development
Investment
Compliance
Legal Counsel
Property Manager
Commercial Director
Financial Director
Business Development Manager
Investment Manager
Real Estate Agent
Procurement Manager
Asset Manager
Operations Director
Chief Financial Officer
Chief Legal Officer
Conveyancing Attorney
Contract Manager
Risk Manager
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