Free Property Sale Agreement

I. Agreement Overview

This Property Sale Agreement ("Agreement") is made and entered into on this 1st day of January 2050, by and between:

[Your Company Name], a company duly incorporated under the laws of the state of Massachusetts, having its principal place of business at [Your Company Address], and represented by [Your Name], in his/her capacity as Chief Executive Officer, ("Seller")

AND

TeamUp, a company duly incorporated under the laws of the state of Massachusetts, having its principal place of business at Worcester, MA 01601, and represented by George Homes, in his/her capacity as Managing Director, ("Buyer").

II. Sale and Transfer of Property

1. Property Description

The Seller agrees to sell and the Buyer agrees to purchase the following real property:

123 Maple Street, comprising of 5,000 square feet of land. The property includes all appurtenant rights, easements, and improvements that are part of or attached to the real estate.

2. Purchase Price

The total purchase price for the property is Five Hundred Thousand Dollars ($500,000), which shall be paid by the Buyer to the Seller as follows:

• A deposit of Fifty Thousand Dollars ($50,000) to be paid on or before the 15th day of January 2050;

• The remaining balance of Four Hundred Fifty Thousand Dollars ($450,000) to be paid on or before the closing date.

III. Closing of Sale

1. Date and Place of Closing

The closing of the sale shall take place on or before 1st March 2050, at a location mutually agreed upon by both parties. Both parties shall execute all necessary documents to transfer title of the property to the Buyer, subject to the terms and conditions set forth in this Agreement.

2. Seller's Obligations

At closing, the Seller agrees to:

• Deliver a deed of bargain and sale transferring title to the Buyer;

• Provide all documents necessary to effectuate the sale and transfer of property.

3. Buyer's Obligations

At closing, the Buyer agrees to:

• Pay the full purchase price to the Seller;

• Execute all documents necessary to complete the transaction.

IV. Representations and Warranties

1. Seller's Representations

The Seller hereby represents and warrants that:

• The Seller is the sole owner of the property and has the legal right to sell it;

• The property is free of any encumbrances, liens, or claims except as disclosed to the Buyer.

2. Buyer's Representations

The Buyer hereby represents and warrants that:

• The Buyer has the financial capacity to complete the purchase of the property;

• The Buyer has conducted all due diligence regarding the property.

V. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of Massachusetts, without regard to its conflict of law principles.

VI. Notices

All notices under this Agreement shall be sent to the following addresses:

For the Seller:
[Your Company Name]
[Your Company Address]
Email: [Your Company Email]

For the Buyer:
TeamUp
Worcester, MA 01601
Email: inquire@teamup.mail

Please send any official communications to the above addresses. If you need to reach [Your Name], please use the email [Your Email] for any inquiries.

VII. Signatory Section

This Agreement has been executed and delivered as of the day and year first above written.

Seller: [Your Company Name]

Name: [Your Name]
Title: Chief Executive Officer

Buyer: TeamUp

Name: George Homes
Title: Managing Director

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