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The signing of the notice of use of the sales assumes that the seller transfers the property to the buyer, which cannot be revoked. It also means that they have complied with the terms, the agreed compensation and the full payment. The buyer holds the legal rights to the property. It is also important to know the difference between a commercial invoice and a purchase or sale contract. A business invoice is used to make a sale and transfer of a business. It describes the terms of the transaction at the time of the sale and makes the new official ownership of the business. This is often the shortest and simplest layout in the SPA. However, it is one of the most important because it ensures that full legal ownership of the shares (also known as “title”) is duly transferred, as well as all relevant rights attached to the shares (for example. B dividend rights). As a general rule, this provision also stipulates that the shares are free of any charge, which gives the buyer the consolation that the seller has not mortgaged any of the shares to a bank or other lender. Before you put it up for sale, you need documentation on everything that is relevant to your business.

You need: A sales contract (SPA) is a legally binding contract that describes the agreed terms of the buyer and seller of a property (z.B. of a company). It is the most important legal document in any sales process. Essentially, it presents the agreed elements of the agreement, contains a number of safeguard measures important to all parties involved and provides the legal framework for the conclusion of the sale. The G.S.O. is therefore essential for both sellers and buyers. After the conclusion of the sales contract, the sales contract remains an important reference document, as it covers the operation of a possible contract and contains restrictive agreements, confidential commitments, guarantees and compensation, all of which can remain very relevant. The above definition shows that a purchase agreement contains a promise to transfer the property in question in the future under certain conditions. This agreement itself therefore does not create any rights or interests on the property for the proposed buyer. Conditional sales contracts are typical of real estate, because mortgage financing is in the mortgage financing phases – from pre-assessment approval to final loan. In these contracts, the buyer can usually take possession of the property and use it after both parties have signed and agreed a deadline.

However, the seller usually keeps the deed in his name until the financing has passed and the full purchase price is paid. Signing a purchase agreement becomes important given several factors. First, it is legal proof that the buyer and seller enter into an agreement on the basis of which the future approach will be decided in the event of a dispute.