Checking a purchase and sale agreement in Ukraine: what to pay attention to
Entering into a purchase and sale agreement is an important legal step that requires thorough legal review. An improperly drafted contract or overlooked legal nuances can lead to property loss or lengthy litigation. Therefore, legal contract review is not just a formality but a real tool for protecting your rights.
What to pay attention to when checking a purchase and sale agreement
Legal clarity of the property means verifying whether the asset is subject to arrest, mortgage or any other encumbrances.
Authority of the parties involves establishing whether the seller has the right to dispose of the property and whether the buyer is legally eligible to acquire it.
Compliance with the law includes checking whether the contract text contains essential provisions as required by the Civil Code of Ukraine.
Existence of risks for the parties involves reviewing provisions that may disrupt the balance of interests between the seller and the buyer.
Notarial form is required in cases where notarization is mandatory (e.g., for real estate), and it is crucial to ensure that the contract will be certified by a notary.
What documents are needed for legal review of a purchase and sale agreement
To conduct a proper legal review, the parties should provide the following documents:
- A draft version of the agreement, even if preliminary
- Documents confirming the seller’s ownership rights
- Cadastral number and extract from the register (if it involves real estate)
- Passports and tax identification codes of the parties
- Other documents confirming the absence of disputes over the property
Benefits of professional review of a purchase and sale agreement
Legal review of the contract ensures:
- minimization of risks of property loss
- protection against fraudulent schemes
- compliance with legal requirements
- ability to avoid legal disputes in the future
- readiness for notarial certification
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ConclusionA legal review of a purchase and sale agreement is a necessary step for a safe real estate transaction. Identifying encumbrances, legal risks, improper terms or inaccurate information helps avoid financial losses and protects the buyer’s rights. On the Legal Marketplace Consultant platform, qualified lawyers conduct a comprehensive analysis of the documents, verify the property and the seller, and provide a legal opinion with specific recommendations. Don’t take risks — turn to professionals.