Article 30. Execution of a contract for the purchase and sale of privatized state property

On privatized state property:

a sale and purchase agreement for a state real estate object shall be concluded with the participation of an authorized state body or its local authorities, the buyer and the balance sheet holder, including in electronic form;

a purchase and sale contract for the state share in the charter fund (authorized capital) of state institutions and business societies shall be concluded between the authorized state body or its territorial departments and the buyer, including in electronic form.

Contracts for the sale and purchase of privatized state property shall be registered by authorized state bodies or their territorial authorities.

Contracts for the sale and purchase of privatized state property must contain the following information and conditions

Name and address of the parties;

the basis for entering into the contract

the amount, procedure and timing of the redemption payment;

obligations of the parties, including the conditions, procedure and order of transfer of ownership of the state property sold from the seller to the buyer, including the issuance of a document confirming ownership;

the liability of the parties for non-fulfilment and untimely fulfilment of the obligations specified in the contract, the amount of the penalty and the terms of its payment;

the amount of the penalty to be paid by the buyer in case of non-fulfilment or untimely fulfilment of the conditions for privatization of state property;

the procedure for settling disputes, the conditions for terminating the agreement, the applicable law, the procedure for determining and implementing measures in cases of force majeure, the language of the agreement, the number of copies, the conditions for making additions and amendments to the agreement, the date of entry into force of the agreement;

Guarantees of the parties in the form of annexes.

A sale and purchase agreement for privatized state property may, if necessary, stipulate the following conditions

conditions of ownership and use of privatized state property by the buyer during the period of default and fulfilment of the terms of the agreement;

the procedure and criteria for confirming the fulfilment of the conditions specified in the agreement.