Seller shall convey to Buyer insurable fee simple title to the Property by Special Warranty Deed. A Share Sale and Purchase Agreement is an agreement for the sale and purchase of a stated number of shares at an agreed price.The shareholder selling their shares is the seller and the party buying the shares is the buyer. Sample Template REAL ESTATE PURCHASE [â¦] This is also essential for the customer as it is a record of the purchase made from the store. (e) This Agreement (including all Exhibits attached hereto) constitutes the entire contract between the parties hereto and may not be modified except by an instrument in writing signed by the party to be charged. Seller shall deliver the Property to Buyer âwhere asâ and in âas-isâ condition. 4. A purchase and sale agreement is a compulsory legal document to have when a buyer and seller are entering into a real estate transaction. DOCUMENTS FOR CLOSING: Sellerâs attorney shall pr epare deed, note, mortgage, Sellerâs af fidavit, any cor-rective instruments required for perfecting the title , and closing statement and submit copies of same to Buyerâs attor - (g) In the event, the time for performance of any obligation hereunder expires on a Saturday, Sunday, or legal holiday, the time for performance shall be extended to the next day which is not a Saturday, Sunday or legal holiday. However, additional parties may be involved when, for example, there are multiple shareholders in the company being sold. Investing in real estate is very popular today. (a) Sellerâs Closing Documents. PROPERTY. Seller and Buyer each represent to the other that they have not dealt with any other real estate broker or intermediary in connection with the negotiations leading to this Real Estate Purchase & Sale Agreement. (s)__________________ dated_____________ A Purchase Agreement should contain all the description related to the property and the warranty of the property. It sets out all the details, terms and conditions of the sale â this includes things such as the price, any chattels being sold with the property, whether the buyer needs to sell another property first and the settlement date. In any event, Buyer shall approve Title Evidence prior to the close of the Feasibility Period or shall cancel this Agreement. In the event this sale closes, Seller shall pay a ____ (state percentage) brokerage fee based on the Purchase Price, of which ___ percent (___ %) shall be paid to ___________, who represents the Buyer and ________percent (___ %) shall be paid to ____________ who represent Seller. Closing of the transaction contemplated by this Agreement and Buyerâs obligation to purchase the Property shall be subject to the following conditions: (a) Any existing hazardous waste reports and any other documents of significance relative to the ownership, operation and/or management of the property. Assignment. 10. Furthermore, Seller and Buyer each agree to indemnify and hold each other harmless from and against the claims of any and all such brokers or other intermediaries claiming to have had any dealings, negotiations, or consultations with the indemnifying party in connection with this Agreement of the sale of the Property. 13. Seller agrees to sell, convey, and assign to Buyer and Buyer agrees to purchase and accept from Seller land and building(s) located at _______________________ (exact square footage and dimensions to be determined at or prior to Closing) as more fully described and illustrated on Exhibit A. ; the Resource Conservation and Recovery Act, 42 U.S.C. (b) A zoning letter stating that the Parcel is zoned for use as a retail store and that the contemplated development is allowed. 6. On or before the Closing Date, Purchaser shall execute or cause to be executed (if applicable) and deliver to Escrow Agent the following (collectively, âPurchaserâs Closing Documentsâ) for delivery to Seller upon the Closing: Purchase Price. Doc; Size: 16 KB. 4.3 There is no lien or encumbrance on the Horse. In the event of condemnation or notice of condemnation of all or a part of the Property prior to the Close of Escrow, Buyer shall have the right to terminate this Agreement, whereupon all documents deposited in Escrow shall be returned to the party who deposited the same and all Earnest Money and other amounts deposited into Escrow by Buyer shall be paid to Buyer and neither party shall have any further right or remedy against the other by reason thereof or hereof. Details. 190 0 obj <>/Filter/FlateDecode/ID[<8D1193C826BD144383C808E997746F1C>]/Index[176 33]/Info 175 0 R/Length 77/Prev 110579/Root 177 0 R/Size 209/Type/XRef/W[1 2 1]>>stream Parties. A sale and purchase agreement is a legally binding contract between you and the seller. AGREEMENT TO ALLOCATE PURCHASE PRICE. My weblog looks weird when browsing from my apple iphone. POSSESSION. 1. The . AS-IS. Both parties should be identified individually; it should be specified â¦ (7) The Vendor will hand over the vacant possession of the house on the execution and registration of conveyance deed. (a) Should Buyer breach this Agreement or refuse or fail to purchase the Property as contemplated herein, Sellerâs shall be entitled to retain the Earnest Money Deposit as liquidated damages or seek specific performance, at its sole discretion. Buyer and Seller will each pay all legal and professional fees and fees of other consultants incurred by Buyer and Seller, respectively. Introduce The Agreement, Seller, Buyer, And Concerned Property. Taxes. This agreement details the terms and conditions of the sale and purchase of the shares. Itâs a sale agreement between a dealer and a buyer that details all the information regarding the vehicle purchase. Seller warrants and represents as follows: (a) Seller has full power and authority to enter into and perform this Agreement in accordance with its terms; (b) The individuals executing this Agreement on behalf of Seller are authorized to do so and, upon execution hereof, this Agreement shall be binding upon and enforceable against Seller; (c) Seller has no actual knowledge of any impending lawsuits with respect to the Property; (d) Seller is not a âforeign personâ under Section 1445 of the Internal Revenue Code of 1986 and its regulations; (e) Except as otherwise set forth in any environmental reports given to Buyer by Seller, Seller has no actual knowledge: (i) that any waste, chemical or substance defined as or included in the definition of âhazardous substances,â âhazardous wastes,â âhazardous materials â¦ extremely hazardous wastes,â ârestricted hazardous wastes,â âtoxic substances,â or âpollutantsâ under the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended, 42 U.S.C. A real estate purchase agreement template is a convenient resource for use when making the legal purchase of a property. A purchase agreement helps describe the terms and conditions regarding the sale and most importantly, it helps ensure that both parties will follow their ends of the bargain. However, if Seller is obligated by this Agreement to close Escrow and fails or refuses to close Escrow, Buyer shall have the right to seek all available remedies to Buyer by law. 0 Identification of both parties. 16. Time is of the essence of this Agreement. (b) Any individual executing this Agreement on behalf of Buyer is authorized to do so, and upon execution hereof, this Agreement shall be binding upon and enforceable against Buyer. THE PURCHASE OF THIS HORSE IS SUBJECT TO THE TERMS AND CONDITIONS OF AN "AS IS" SALE. 1.9 Net Discount :A part of discount corresponding exclusively to the Buyer. What Is a Car Purchase Agreement? Notwithstanding the foregoing, Buyer shall be responsible for all closing costs. endstream endobj startxref If Buyer fails to terminate this Agreement prior to 5:00 p.m. Central Standard Time on the 60th day of the Initial Inspection Period or otherwise extend the said Inspection Period as provided for herein, the Escrow Agent shall immediately, on the day following the expiration of the Initial Inspection Period, pay the Earnest Money to the Seller. This document has legal consequences. This is a sample of the sale and purchase agreement and gives the user an idea of the format to follow and the segments to be included while drafting such an agreement. The parties further agree that this Agreement will be construed to effectuate the normal and reasonable expectations of a sophisticated Seller and Buyer. Upon and subject to the terms set forth in this Agreement, Seller agrees to sell to Buyer and Buyer agrees to buy from Seller, the Property described in Paragraph 2 (the âPropertyâ). Business Purchase and Sale Contract Form â this is the type of form that businessmen use if they come to a decision of selling their business. Seller shall be responsible for any property taxes on the property through the date of Close of Escrow. AGREEMENT TO SELL AND BUY. A car purchase agreement acts as a binding contract.Itâs a document that seals a carâs dealership when signed. Below is a sample real estate purchase and sale agreement. Contract is used by companies positioned in different countries for the sale and purchase of different types of products ; the Hazardous Materials Transportation Act 49 U.S.C. endstream endobj 177 0 obj <>/Metadata 9 0 R/Pages 174 0 R/StructTreeRoot 13 0 R/Type/Catalog/ViewerPreferences<>>> endobj 178 0 obj <>/MediaBox[0 0 612 792]/Parent 174 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 179 0 obj <>stream In these cases, each of the shareholders will need to enter into the sale and purchase agreement to sell their shares. (c) This Agreement shall be governed by and construed in accordance with Minnesota law. 1.10 Mandate :Authorized person to act in legal representation of anyone of the party. (b) Buyerâs Closing Documents. IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year first set forth above. %%EOF , as specified in this Agreement. Our websiteâs Sample Agreements for sales contracts cover a wide array of different kinds of applicable sales agreements that cover everything from merchandised goods to car sales. This type of document may be used in the initial stages of negotiations for securing business assets and terms, but it is merely a draft or promise of what the final transaction will be. An Affidavit of Non-Foreign Status. (d) All special assessments pending, levied, or assessed against the property shall have been paid by Seller, (e) Purchaserâs ability to secure all necessary government approvals and permit to develop the project as planned, (f) Confirmation that a pylon sign shall be allowed on Buyerâs parcel. A Sale of Goods Agreement, also sometimes called a Sales Agreement or Sales Contract, is a document that a buyer and seller can enter when a certain good or certain goods are being sold. These contracts are not used when the sellable item is a service. 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