A preliminary contract for the purchase and sale of real estate is a contract in which the parties undertake to enter into a contract in the future (the main contract of sale) on the terms established by the previous contract (Article 635 of the Civil Code of Ukraine).
In the previous contract (sample) it is necessary to specify:
From the individual seller:
From the seller of a legal entity:
From the individual buyer:
From the legal entity buyer:
The law may establish a limit on the term (term) in which the main contract must be concluded on the basis of the previous contract.
The essential terms of the main contract, which are not established by the previous contract, are agreed upon in the order established by the parties in the previous contract, if such order is not established by acts of civil legislation.
The preliminary contract is concluded in the form established for the main contract, and if the form of the main contract is not established, in written form.
A preliminary contract for the sale of an object under construction or a future object of real estate is subject to notarization.
The party that unreasonably evades the conclusion of the contract provided for in the previous contract must compensate the other party for damages caused by the delay, unless otherwise established by the previous contract or acts of civil legislation.
The obligation established by the preliminary agreement is terminated if the main agreement is not concluded within the term (in the term) established by the preliminary agreement, or if neither party sends the other party an offer to conclude it.
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