Agreements

Parties

Identify the parties involved in the agreement, including the buyer and seller or the landlord and tenant. Include their full legal names and addresses for accurate identification

Property Description

Provide a detailed description of the property, including its address, boundaries, and any other relevant details that accurately identify the property being transferred or leased

Purchase Price or Rent

Specify the agreed-upon purchase price if it's a sale agreement or the rental amount and payment terms if it's a lease agreement. Outline the currency in which the payment should be made and the due dates for payments

Terms and Conditions

Clearly define the terms and conditions of the agreement. This includes the duration of the agreement, any renewal or termination clauses, maintenance responsibilities, and any specific obligations or restrictions agreed upon by the parties

Title and Ownership

Ensure that the agreement explicitly states that the seller or lessor has full legal ownership of the property and has the right to transfer or lease it. Include provisions for conducting a title search and verifying the property's legal status before the transaction

Rights and Obligations

Specify the rights and obligations of both parties. This can include responsibilities for repairs, payment of utilities and taxes, insurance requirements, and any other relevant obligations related to the property

Default and Remedies

Include provisions that address default and remedies in case of non-compliance with the terms of the agreement. This can include penalties, termination rights, or other remedies available to the injured party in case of breach

Dispute Resolution

Determine the mechanism for resolving disputes that may arise during the term of the agreement. This can include provisions for negotiation, mediation, or arbitration, as an alternative to litigation

Governing Law

Specify the governing law that will apply to the agreement. This is typically the law of Ukraine, but parties may also agree to apply the laws of a specific jurisdiction if mutually desired

Execution and Signatures

Ensure that the agreement is signed by all parties involved in the transaction and that their signatures are properly witnessed or notarized, as required by Ukrainian law