Sale Agreement 2025

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The document is a Purchase and Sale Agreement between Pozo Resources, Inc. (Seller) and GulfWest Oil Company (Purchaser) for the sale of oil, gas, and mineral leases, wells, and related equipment valued at $10.5 million. The agreement outlines the terms of the sale, including the purchase price structure, conditions for closing, representations and warranties by both parties, and provisions for indemnity and environmental compliance. It establishes the effective date of the transaction as December 31, 1999.

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Click ‘Get Form’ to open the Sale Agreement in the editor.
Begin by entering the effective date of the agreement at the top of the document. This is crucial as it establishes when the terms become binding.
Fill in the names and addresses of both parties involved: the Seller (POZO RESOURCES, INC.) and the Purchaser (GULFWEST OIL COMPANY). Ensure all details are accurate to avoid future disputes.
In Article I, specify the purchase price and payment structure. Clearly outline any debts being assumed and stock options included in the transaction.
Review Article II regarding title matters. Confirm that all necessary assignments and warranties are correctly documented to protect both parties' interests.
Complete Articles III through IX by filling in any required representations, warranties, and conditions precedent for closing. This ensures compliance with legal obligations.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the sales agreement?

A sales agreement provides a basis for negotiation between seller and buyer. It also helps both parties agree on a price and documents it. This eliminates potential for disputes later on that may occur with verbal agreements.

How do you write a simple sales agreement?

How do I write a Sales Agreement? Specify your location. Provide the buyers and sellers information. Describe the goods and services. State the price and deposit details (if applicable) Outline payment details. Provide delivery terms. Include liability details. State if theres a warranty on the goods.

What does PSA mean in sales?

A purchase and sale agreement (PSA) may be one of the first legal documents you come across. A PSA is a contract that acts as a kind of preliminary agreement between the buyer and seller about the price and terms of the transaction.

What is the difference between agreement and sale?

While Sale marks the transfer of ownership, Agreement to Sell is merely a promise. Knowing the exact difference between these key real estate terms can protect your investment and ensure peace of mind.

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