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The document outlines a real estate sale agreement between Mrs. Widad Abdel Hussein Al-Hassani (seller) and Mazen Karim Aliwi (buyer) for a property located in Al-Jadriya, Baghdad, for a total price of ten million US dollars. The buyer is obligated to pay the full amount within seven days, and the seller will transfer ownership upon receipt of payment. The contract includes provisions for penalties, obligations of both parties, and dispute resolution procedures.
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0% found this document useful (0 votes)
5 views

First party

The document outlines a real estate sale agreement between Mrs. Widad Abdel Hussein Al-Hassani (seller) and Mazen Karim Aliwi (buyer) for a property located in Al-Jadriya, Baghdad, for a total price of ten million US dollars. The buyer is obligated to pay the full amount within seven days, and the seller will transfer ownership upon receipt of payment. The contract includes provisions for penalties, obligations of both parties, and dispute resolution procedures.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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First party (seller):

Mrs. Widad Abdel Hussein Al-Hassani, her representative, Dr. Engineer Hikmat Ali
Muhammad Ali Shaaban, under the general agency numbered general number 7809,
registration 4, and holds Iraqi and Canadian nationality, identified by identity, the unified
national card number 193132142489, dated 2/13/2019, from the Directorate of Nationality
and Civil Information, full address, Iraq, Baghdad, Mahalla Babylon, locality number 915,
alley 17, house 1, mobile number 0744983644

The second party, the buyer:

Mazen Karim Aliwi, known as Passport No. (A1276938) issued on 12/17/2017, lives in
Hawija, District 416, Alley 10, House 7, Form No. 447 68768 dated 6/6/2018.

Introduction to the contract: The first party is the owner of the property that is the subject
of the contract and is described below. The property is offered for sale, and the second party
wishes to purchase the described property, and after both parties acknowledged their
eligibility to contract and act legally, it was agreed with mutual consent and acceptance to
be legally bound by all the contents of this contract, and this introduction is considered an
integral part. From the contract

First - Sale and purchase of the property: The first party acknowledges that he has sold the
property subject to the contract in a final sale to the second party and has waived and
waived, pursuant to this contract and with all legal and actual guarantees, the property
subject to the contract and described in paragraph 2 below, except after the second party
has fulfilled all of his obligations, including paying the full amount of the sale price and
depositing it in the bank agreed upon between the two parties. The second party also
acknowledges and admits that he has purchased the property mentioned in this contract
and for the amount mentioned therein and undertakes to fulfill all of his obligations,
.including paying and settling the full amount of the sale price within the specified period

Second - The sold property The property subject to the contract: The property subject to the
lawsuit and sold by the seller to the buyer pursuant to this contract is the property
numbered 31/324, Zawiya District, located in Al-Jadriya, Al-Karrada Al-Sharqiya, and a copy
of the real estate registration record is attached to this contract, which shows that its area is
1080 m2. For clarification, the property is a plot of land on which three floors have been
built. A copy of the property map is attached to the contract, and the property registration
document and the property map were delivered to the second party, the buyer, upon
signing this
Third - The sale price (the value of the property: The property subject to the contract was
sold by the seller to the buyer for a price of ten million US dollars only (10,000,000.00) and
the signing of this contract does not constitute in any way any acknowledgment or pledge to
receive the amount of the sale price and this contract is not considered a receipt or a receipt
of receipt, but the second party (the buyer) is obligated to pay the full amount to the first
.party (the seller) as stated in this contract below

Fourth: Delivery of the amount of the sale price (the value of the contract): The second party
:(the buyer) is obligated in this regard to the following

A. Pay and settle the full amount to the first party (the seller) within a period not exceeding
seven calendar days from the day following the date of signing this contract, otherwise the
second party shall bear a late payment penalty of ($2,000) two thousand US dollars for each
day of delay for two additional days only, and in the event of non-payment within the above
period, the second party shall be considered to have reneged on the sale and shall bear the
legal consequences mentioned in paragraph 7 of this contract in addition to the late
payment penalties for
B. Paying the full amount in any way specified by the first party (the seller), and it was
agreed that the second party would transfer the amount instead of the sale to bank
accounts outside the country, specifically Turkey, at his own expense, and the seller will not
bear the cost of the transfer, and the first party alone has the right to change the method of
paying the amount, such as changing the bank account number or changing the payment
method, provided that the second party is notified of this three calendar days in advance,
and the specified accounts are the following accounts

T. Ensure that the amount of the sale is from legal sources and there are no indications of it
and he alone bears the legal and financial consequences resulting from that and the first
party (the seller) has nothing to do with any of that, but rather this commitment is a
fundamental commitment and the first party has the right to take what is necessary to
preserve his rights, including even canceling the registration of the property if it appears that
the sale is from illegal sources and returning to the second party for compensation for all
.damages and lost profits

D - Not to dispose of the property in any way or by any method such as mortgaging, selling,
living in it or other legal or material transactions except after paying or settling the full
.amount of the sale as agreed upon in this contract

Fifth - Obligations of the first party (the seller): After the second party commits to paying
and settling the full amount to the Qatari bank in Turkey as indicated above, the full amount
of the sale consideration and all its contractual and legal obligations, the first party is
:obligated to the following

A - Transferring ownership and registering the property in the name of the buyer After the
second party (the buyer) commits to paying and settling the full amount of the sale
consideration, the first party (the seller) is obligated to transfer ownership of the property
subject to the contract in the name of the second party (the buyer) by immediately
appointing a person chosen by the second party (the buyer) with a special power of attorney
for the property (special) and to provide the second party with the real estate registration
document, pledging to register the sale in the name of the second party with the competent
real estate registration department (opening the statement), and also pledging to transfer
ownership of the sale in the name of the second party. After registration, the second party
(the buyer) is obligated to deliver a copy of the new property document to the new owner
issued by the competent real estate registration directorate, in addition to copies of the
.receipts of fees and taxes to the first party
B - Delivery of the property: The property is delivered to the second party (the buyer) by
handing over the keys and the second party is responsible for the occupants, assets, etc.
from the date of delivery, noting that the second party has observed the property in all its
details when signing the contract and has no right to object after that. It is preferable to sign
a receipt and delivery report. T - Property guarantee: The first party is obligated and
guarantees that the buyer will not be exposed to the use of the whole or part of the sale,
and the first party is obligated to sever his relationship with the property that is the subject
of the contract
: Sixth - Expenses, fees and financial responsibilities
A - Paying the full amount in the manner specified by the first party (the seller), provided
that the second party transfers the amount in lieu of the sale to bank accounts outside the
country, specifically Turkey, at his own expense, and the seller does not bear the cost of the
.transfer
B - The property was sold for the above amount, provided that the second party alone bears
all expenses, including expenses and fees related to the property, such as brokerage fees,
direct and indirect brokers, etc., and also bears the expenses of registering the property in
his name or in the name of whomever the second party wishes, and bears all financial
responsibilities, registration fees, stamp duty, and amounts legally due, water and electricity
fees, services due on the property, municipal fees, and all amounts due on the property
subject to the contract, and other expenses when transferring the property in the name of
the second party, such as fees for correcting gender, separation, unification, transfer, and
release (if any). The second party also bears the responsibility for transferring and
transferring ownership of the property in his name and carrying out the necessary
transactions for that at his expense, and any other obstacles resulting from that from the
government or any other party, and bears the expenses of that, including attorney fees and
others, and the first party is not obligated to any amount for all of that and receives the net
sale proceeds, and the first party bears the property’s release before the sale
Seventh - Agreed Compensation: If either party fails to implement the terms of this contract
for any reason or delays in implementing them within the period specified in this contract, it
undertakes to pay an amount of $150,000 one hundred and fifty thousand US dollars as
compensation agreed upon in advance without the need to resort to the judiciary. The
defaulting party shall also bear the expenses resulting from that. If the first party refrains
from conducting the report or fails to sell in any way without a legal reason after the second
party pays the full amount in exchange for the sale, the first party shall be obligated to
return the full amount received by it and shall bear all expenses and fees spent for the sake
of this contract and its implementation from taxes and others and without official notice. If
the second party fails to implement the contract and does not pay the full amount in
exchange for the sale according to the terms of the contract, it shall bear the amount
specified in this paragraph in addition to the late fees specified in this contract above, and all
expenses, costs and fees spent for the sake of this contract and its implementation from
taxes and others shall be paid without official notice. Eighth - Dispute Resolution: In the
event of any dispute over any clause of this contract, disputes arising from the
implementation of this contract shall be settled amicably between the two parties.
Otherwise, the judiciary shall be the final arbitrator in accordance with applicable laws. The
courts of Erbil City Center shall be the competent courts in the area to hear the related
lawsuits. The two parties waive their right to transfer the lawsuit to a court other than the
.court mentioned in this paragraph

Ninth - Selected addresses: The addresses stated in this contract, as well as the e-mail of the
two parties, shall be considered approved by them. Each party acknowledges that it has
adopted, throughout the validity period of this contract, its chosen domicile and the address
stated therein. In the event of changing it, it shall notify and inform the other party of this by
an official letter within a period not exceeding 48 hours. This contract was drawn up in Erbil
and signed by both parties with their full consent and without coercion on 20221917
First Party Seller
Mrs. Wedad Mohammed Abdul Hussein
Her representative is Dr. Engineer
Hakmat Ali Mohammed Ali Shaaban

Second Party Buyer


Mr. Mazen Karim Aliwi

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