Common Contracts
1 similar Purchase and Sale Agreement contracts
MASTER RENEWABLE ENERGY CERTIFICATE PURCHASE AND SALE AGREEMENT CONTENTSPurchase and Sale Agreement • November 9th, 2020 • New York
This form contract is intended as infrastructure, or a paved road, to help buyers and sellers transact, foster market mechanisms to promote renewable resource development and, perhaps most importantly, stave off potential balkanization of US RECs markets. The contract is technology‑neutral, usable in both the voluntary and compliance markets, and legally robust regardless of American jurisdiction. Despite the danger of trying to be all things to all people, the contract tries to do just that, with definitions and contract mechanics carefully crafted to ensure that it not only works both in mandatory compliance and voluntary markets, but also works across different voluntary and compliance markets, each with their different mechanisms for certifying and clearing RECs, with the fundamental working group goal of promoting fungibility of RECs across programs. Accordingly, the contract may be lengthier than others under which RECs are bought and sold, and although some of the definitions an
