Drafting contracts in one language

A sale and purchase agreement is a key document that records the terms of the transaction between the seller and the buyer. A properly drafted contract ensures the protection of the rights of both parties and minimizes the risks of disputes.

It is necessary to remember that the contract must be drawn up in Turkish, as it is the official language of Northern Cyprus. Since 2022, district land committees do not accept contracts without a Turkish version.

When drafting the contract, it is important to consider the following aspects:

1. Details of the parties: Full details of the seller and the buyer are indicated.
2. Description of the goods: A detailed description of the subject of the transaction, including characteristics and quantity.
3. Price and payment terms: The cost of the goods and the methods/terms of payment are clearly fixed.
4. Delivery terms and place: The delivery time of the goods and the place of receipt are determined.
5. Rights and obligations of the parties: The obligations and rights of both the seller and the buyer are described.
6. Warranties and liability: Warranties for the goods and liability for their quality are established.
7. Force majeure: Circumstances that relieve the parties from liability for non-fulfillment of obligations are specified.
8. Dispute resolution: The procedure for resolving possible disputes is indicated.
9. Additional terms: Additional agreements that the parties wish to include in the contract are possible.
10. Signatures of the parties: The final stage is the signing of the contract by both parties.

These elements will help protect the interests of both parties and minimize the risks of disputes.

Our law firm offers professional services for drafting sale and purchase agreements, taking into account all the nuances and legal requirements. 

Elvina Sabirova

Licensed Lawyer

Phone

+905391190555

Email

[email protected]

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