Terms And Conditions Of Sale And Purchase Agreement

The fittings are permanently attached to the property (for example. B a deck, showers and electrical wiring) and are included in the title deed. All other movable property is movable property and is only included in the sale if it is included in the contract of sale. If COVID 19 alert levels change in different parts of the country, it could affect your ability to buy real estate. You may want to include a condition in the agreement, which will happen if the alert level suddenly changes and you can`t agree on billing day. The buyer will want to prevent the seller from creating a new competitive activity affecting the value of the business for sale. The sales contract therefore contains restrictive agreements that prevent the seller (for a fixed period and in certain geographical regions) from recruiting existing customers, suppliers or employees and, in general, from competing with the company for sale. These restrictive agreements must be reasonable in terms of geography, scope and duration. Otherwise, they may infringe competition law. The sales contract contains general obligations and conditions that you must respect. This may include: If buyer is late in any of the terms contained therein, buyer`s license for the software and documentation terminates automatically….

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