Legal Definitions - koop

Koop is a legal term originating from Dutch law that refers to a purchase or a bargain. It describes a legal agreement where one party agrees to transfer ownership of an item, property, or service to another party in exchange for a specified price. Essentially, it encompasses the legal framework and understanding of a sale or transaction under Dutch legal principles.

• Example 1: Residential Property Sale

  A Dutch family, the de Vries, decides to buy a new apartment in Amsterdam. They find a suitable property and negotiate a price with the current owner. Once they reach an agreement and sign the necessary contracts, this entire transaction, from the agreement on price to the transfer of ownership, is legally considered a koop under Dutch law. The signed contract would specifically be a koopovereenkomst, meaning a purchase agreement.

  This example illustrates koop as a purchase because it involves the acquisition of real estate for a price, forming a legally binding transaction between buyer and seller.

• Example 2: Commercial Goods Transaction

  A Dutch electronics retailer places a large order for 500 new smartphones from a manufacturer based in the Netherlands. The retailer agrees to pay a specific wholesale price per unit, and the manufacturer agrees to deliver the phones by a certain date. This commercial exchange of goods for money between the two businesses constitutes a koop. The terms of this transaction, including price, quantity, and delivery, are all part of this purchase agreement.

  This example demonstrates koop as a purchase in a commercial context, highlighting the exchange of goods for monetary consideration as a fundamental legal transaction.