The Purchase And Sale Agreement Oil And Gas is a crucial document used in Australian oil and gas asset transactions, whether for individual assets, multiple facilities, or company interests. It's specifically designed to comply with Australian federal and state regulations while addressing industry-specific requirements. The agreement is typically used when companies are divesting or acquiring oil and gas assets, requiring detailed consideration of permits, licenses, environmental obligations, and native title rights. It includes comprehensive provisions for asset valuation, due diligence findings, regulatory approvals, and operational transition. The document structure accommodates both onshore and offshore assets, incorporating relevant provisions from the Offshore Petroleum and Greenhouse Gas Storage Act 2006 and state-specific petroleum legislation. This agreement type is essential for major resource transactions in Australia's energy sector, requiring careful consideration of both commercial and regulatory aspects.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of buyer, seller and any guarantors
2. Background: Context of the transaction, including asset overview and transaction purpose
3. Definitions and Interpretation: Defined terms, interpretation rules, and reference standards
4. Sale and Purchase: Core transaction terms including assets being sold and purchase price
5. Conditions Precedent: Required approvals, consents and conditions before completion
6. Pre-Completion Obligations: Parties' obligations between signing and completion, including conduct of business
7. Completion: Completion mechanics, deliverables, and timing
8. Purchase Price and Adjustments: Payment terms, adjustments mechanisms, and accounting procedures
9. Seller Warranties: Seller representations about the assets, operations, and compliance
10. Buyer Warranties: Buyer representations about authority and capability to complete transaction
11. Tax Matters: Tax treatment, allocations, and indemnities
12. Environmental Matters: Environmental liabilities, indemnities, and compliance obligations
13. Indemnities: General indemnification provisions and procedures
14. Confidentiality and Announcements: Information handling and public communications
15. Dispute Resolution: Dispute handling procedures and governing law
16. General Provisions: Standard boilerplate provisions including notices and amendments
1. Employee Matters: Used when transaction includes transfer of employees, covering employment terms and liabilities
2. Joint Operating Agreement: Required when asset is subject to joint venture arrangements
3. International Trade Compliance: Needed for cross-border transactions or international operations
4. Native Title and Cultural Heritage: Required when assets affect indigenous lands or cultural sites
5. Decommissioning Obligations: Important for mature assets or when decommissioning obligations are significant
6. Transition Services: Used when seller will provide post-completion operational support
7. Carbon Credits and Environmental Permits: Required when carbon credits or significant environmental permits are involved
8. Maritime and Shipping Provisions: Needed for offshore assets or LNG shipping arrangements
1. Asset Description: Detailed technical description of assets, including maps and coordinates
2. Permits and Licenses: List and copies of all relevant governmental authorizations
3. Reserved Matters: List of actions requiring buyer consent during pre-completion period
4. Completion Obligations: Detailed checklist of completion deliverables and actions
5. Purchase Price Adjustments: Detailed methodology for price adjustments and worked examples
6. Material Contracts: List and copies of key operational and commercial agreements
7. Environmental Reports: Summary of environmental assessments and known issues
8. Employee Information: Details of transferring employees and employment terms
9. Form of Transition Services Agreement: Draft agreement for post-completion services
10. Working Capital Calculation: Methodology and target working capital calculations
11. Deed of Assignment: Form of assignment documents for permits and contracts
12. Disclosure Letter: Seller's qualifications to warranties
Find the exact document you need
Sell By Owner Purchase Agreement
An Australian legal agreement for direct property sales between private sellers and buyers, without real estate agent involvement.
Download
Purchaser And Seller Agreement
An Australian law-governed agreement defining terms and conditions for sale and purchase transactions between parties, including price, delivery, warranties, and obligations.
Download
Sell Agreement Letter
An Australian jurisdiction document that formalizes sale transactions between parties, outlining key terms and conditions while ensuring legal compliance.
Download
Sale Agreement Between Two Parties
An Australian-compliant agreement documenting the terms and conditions of a sale transaction between two parties, including price, delivery, and warranties.
Download
Real Estate Contract Assignment Form
An Australian legal document that facilitates the transfer of rights and obligations under an existing property contract from one buyer to another, compliant with Australian property law.
Download
Real Estate Land Purchase Agreement
An Australian law-governed agreement for the sale and purchase of real property, detailing terms, conditions, and obligations of the transaction.
Download
Buy Sell Agreement For LLC
An Australian-law governed agreement that regulates the buying and selling of company shares between shareholders in a Proprietary Limited Company upon specified trigger events.
Download
Simple Car Purchase Agreement
An Australian-compliant template for documenting vehicle sales transactions, suitable for both private and commercial vehicle transfers.
Download
Property Buy Sell Agreement
An Australian legal agreement governing the sale and purchase of real property, outlining terms, conditions, and obligations of all parties involved in the transaction.
Download
Aircraft Purchase And Sale Agreement
An Australian law-governed agreement for the sale and purchase of aircraft, detailing transfer terms, specifications, and regulatory compliance requirements.
Download
Purchase Price Agreement
An Australian-law governed agreement setting out terms and conditions for purchase transactions, including price, payment terms, and completion requirements.
Download
Contract For Selling A Car
An Australian-law governed agreement for the sale and purchase of a motor vehicle, ensuring compliance with federal and state regulations while protecting both parties' interests.
Download
Vessel Purchase And Sale Agreement
An Australian law-governed agreement for the sale and purchase of a vessel, detailing terms, conditions, and transfer of ownership requirements.
Download
Restaurant Sale Agreement
An Australian law-governed agreement for the sale and purchase of a restaurant business, including assets, licenses, and operational transfers.
Download
Manufactured Home Purchase Agreement
An Australian law-governed agreement for the sale and purchase of a manufactured home, detailing transaction terms and regulatory compliance requirements.
Download
Legal Sales Agreement
An Australian law-governed agreement that formalizes sales transactions, detailing terms, conditions, and obligations of both parties.
Download
Land Sales Agreement
An Australian legal agreement documenting the terms and conditions for the sale and purchase of real property, compliant with state and federal property laws.
Download
Land Buying Contract
An Australian law-governed contract for the sale and purchase of land, establishing terms, conditions, and obligations for property transfer between vendor and purchaser.
Download
Horse Bill Of Sale Purchase Agreement
An Australian-compliant legal agreement documenting the sale and purchase of a horse, including ownership transfer and warranty terms.
Download
For Sale By Owner Offer To Purchase Contract
An Australian legal contract for direct property sales between owner and buyer, without real estate agent involvement.
Download
Conditional Sale And Purchase Agreement
An Australian law-governed agreement that sets out terms for a conditional sale and purchase transaction, where the sale completion is subject to specified conditions being met.
Download
Confidentiality Agreement For Sale Of Business
An Australian-law governed confidentiality agreement protecting sensitive information during business sale processes.
Download
New Construction Residential Purchase Agreement
An Australian legal agreement for the purchase of newly constructed residential properties, combining property purchase and construction specifications under Australian law.
Download
Bill Of Sale Asset Purchase
An Australian legal document evidencing the sale and transfer of personal property assets from seller to buyer, compliant with federal and state legislation.
Download
Agreement To Sell And Purchase
An Australian law-governed agreement that documents the terms and conditions for the sale and purchase of property, assets, or business interests.
Download
Vacant Land Lot Purchase Contract
An Australian jurisdiction contract for the purchase and sale of vacant land, establishing terms and conditions for land ownership transfer while ensuring compliance with local property laws.
Download
Second Hand Bike Purchase Agreement
An Australian legal agreement for the sale and purchase of a second-hand motorcycle, incorporating relevant consumer law provisions and vehicle transfer requirements.
Download
Real Estate Bill Of Sale Contract
An Australian legal contract documenting the terms and conditions for the sale and purchase of real estate property, ensuring compliance with state and federal property laws.
Download
As Is Where Is Sale Agreement
Australian-law governed agreement for the sale of assets in their current condition without warranties, where the buyer accepts all risks regarding the asset's condition.
Download
Contract For Buying Land From Owner
An Australian law-governed agreement for the sale and purchase of land, detailing all essential terms and conditions of the property transfer.
Download
No Home Sale Contract
An Australian legal agreement preventing real estate agents from purchasing properties they are engaged to sell, ensuring compliance with local property laws and ethical standards.
Download
Business Purchase Term Sheet
An Australian-compliant preliminary document outlining key terms and conditions for a business purchase transaction, serving as a basis for the final purchase agreement.
Download
Advance Agreement For Sale Of Land
An Australian legal document establishing the preliminary terms and conditions for a future property sale, including purchase price, deposit arrangements, and settlement conditions.
Download
Private Land Purchase Agreement
An Australian legal agreement governing the sale and purchase of private land, detailing terms, conditions, and obligations of both parties.
Download
Horse Sales Agreement With Payment Plan
An Australian-law governed agreement for horse sales with structured payment terms, including ownership transfer and maintenance obligations.
Download
Promissory Note Purchase And Sale Agreement
An Australian law agreement governing the sale and purchase of promissory notes, including transfer terms and regulatory compliance requirements.
Download
Agreement To Sell Real Estate Form
An Australian legal document that formalizes the sale and purchase of real estate property, complying with relevant state and federal property laws.
Download
Purchase Agreement For Buying A Business
An Australian law-governed agreement for the sale and purchase of a business, covering all aspects of the transaction including assets, liabilities, and regulatory requirements.
Download
Letter Of Agreement To Sell Property
An Australian legal document outlining the agreed terms between property seller and buyer, serving as a preliminary agreement before the formal contract of sale.
Download
Commercial Agreement Of Purchase And Sale
An Australian law-governed agreement establishing terms and conditions for commercial sale transactions between businesses.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)