The Contract to Sell is a fundamental commercial document used in Danish business transactions to formalize the sale of goods, property, or assets. This document type is essential when parties need to establish legally binding terms for a sale transaction under Danish jurisdiction. It incorporates requirements from the Danish Sale of Goods Act (Købeloven), the Danish Contracts Act, and other relevant legislation. The contract is versatile and can be adapted for various types of sales, from simple goods to complex assets, and can be used in both business-to-business and business-to-consumer contexts. When dealing with consumer sales, additional mandatory provisions must be included to comply with Danish consumer protection laws. The document typically includes detailed specifications of the sale item, price and payment terms, delivery conditions, warranties, and risk transfer provisions.
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Key Requirements PROMPT example:
Contract To Sell
I need a Contract to Sell under Danish law for the sale of industrial manufacturing equipment worth 500,000 EUR from our Copenhagen-based company to a German buyer, with delivery scheduled for March 2025.
1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and registration numbers if applicable
2. Background: Context of the sale and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the contract
4. Subject Matter of Sale: Detailed description of the goods or property being sold
5. Purchase Price: Agreed purchase price, payment terms, and payment method
6. Delivery Terms: Timing, location, and conditions of delivery
7. Transfer of Title and Risk: When and how ownership and risk transfer from seller to buyer
8. Seller's Warranties: Warranties regarding the condition and ownership of the goods
9. Buyer's Obligations: Responsibilities of the buyer including inspection and acceptance
10. Default and Remedies: Consequences of breach and available remedies
11. Governing Law: Confirmation of Danish law as governing law
12. Dispute Resolution: Process for resolving disputes
13. Signatures: Execution blocks for all parties
1. VAT and Tax Provisions: Include when the transaction has specific VAT or tax implications
2. Consumer Protection Rights: Required when one party is a consumer under Danish law
3. Intellectual Property Rights: Include when the sale involves items with associated IP rights
4. Export/Import Requirements: Include for international sales
5. Insurance Requirements: Include when specific insurance is required during transit or ownership transfer
6. Conditions Precedent: Include when the sale is subject to specific conditions being met
7. Force Majeure: Include when parties want specific provisions for unforeseen circumstances
1. Schedule 1 - Property Description: Detailed technical specifications or description of the goods/property
2. Schedule 2 - Price Breakdown: Itemized breakdown of the purchase price if applicable
3. Schedule 3 - Delivery Schedule: Detailed delivery timeline and requirements if complex
4. Schedule 4 - Due Diligence Results: Summary of any due diligence findings if applicable
5. Appendix A - Required Certificates: Copies of necessary certificates or permits
6. Appendix B - Warranty Terms: Detailed warranty terms and conditions
7. Appendix C - Registration Documents: Required registration or transfer documents
Authors
Relevant legal definitions
Clauses
Relevant Industries
Retail
Manufacturing
Real Estate
Agricultural
Technology
Automotive
Industrial Equipment
Consumer Goods
Construction
Energy
Maritime
Transport and Logistics
Relevant Teams
Legal
Sales
Procurement
Commercial
Finance
Compliance
Operations
Risk Management
Business Development
Property Management
Relevant Roles
Sales Manager
Commercial Director
Legal Counsel
Contract Manager
Procurement Manager
Business Development Manager
Chief Commercial Officer
Finance Director
Compliance Officer
Risk Manager
Operations Manager
General Counsel
Property Manager
Asset Manager
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