The Notice of Intent to Sell (Verkaufsabsichtserklärung) is a fundamental document in German business transactions, used when a party wishes to formally announce their intention to sell an asset, property, or business interest. This document is particularly important in the German legal system, where formal notifications often carry significant legal weight and must comply with specific requirements under the German Civil Code (BGB). The notice typically precedes the actual sale process and is especially crucial in situations involving rights of first refusal, contractual notification requirements, or when dealing with regulated assets. It serves multiple purposes: fulfilling legal obligations, initiating the sales process, and providing key stakeholders with official notification of the intended transaction. The document must contain sufficient detail about the asset being sold and the basic terms of the proposed sale to enable recipients to make informed decisions about their potential interest or rights.
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1. Sender Details: Full legal name and address of the party intending to sell
2. Date: Current date formatted according to German standards (DD.MM.YYYY)
3. Recipient Details: Full name and address of the party receiving the notice (if applicable, such as in cases of right of first refusal)
4. Subject Line: Clear indication that this is a Notice of Intent to Sell (Verkaufsabsichtserklärung)
5. Property/Asset Identification: Detailed description of the item(s) or property intended for sale, including all relevant identifying information
6. Declaration of Intent: Clear statement of the intention to sell, including proposed timeline
7. Basic Terms: Fundamental terms of the intended sale, including asking price and any critical conditions
8. Signature Block: Space for signature, name, and title of the sender
1. Current Encumbrances: Include when the sale object has existing liens, mortgages, or other encumbrances that affect the sale
2. Right of First Refusal Notice: Required when there are existing contracts or laws granting certain parties right of first refusal
3. Deadline for Response: Include when expecting or requiring a response within a specific timeframe
4. Broker Information: Include when a real estate agent or broker is involved in the transaction
5. Property Condition Statement: Include for real estate sales to provide basic information about the property's condition
6. Legal Representatives: Include when the sale is being handled through legal representatives
1. Property Description Schedule: Detailed description of the property or asset, including technical specifications, photographs, or floor plans (for real estate)
2. Title Documentation: Copies of relevant ownership documents or property registration papers
3. Valuation Report: If available, professional valuation or appraisal of the sale object
4. Existing Contracts: Copies of relevant existing contracts that affect the sale (leases, maintenance agreements, etc.)
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