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EXHIBIT B DRAFT CONTRACT FOR THE SALE AND PURCHASE OF TAX CREDIT THIS CONTRACT TO SELL AND PURCHASE TAX CREDIT (this Contract), made and entered into this day of , 2017 (the Effective Date), by and.

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How to fill out the Draft Contract online

Filling out the Draft Contract is an essential step in the process of purchasing tax credits. This guide provides clear and concise instructions to help you navigate the form effortlessly, ensuring all necessary details are accurately completed.

Follow the steps to successfully complete the Draft Contract.

  1. Click the ‘Get Form’ button to access the Draft Contract and open it in the editing interface.
  2. In the first section, fill in the date of the contract on the blank line provided. This date marks the 'Effective Date' of the contract.
  3. Next, provide the name of the Buyer in the designated space, ensuring all information is correctly entered.
  4. Review the Recitals section which outlines the nature of the contract and your entitlements. This is primarily for your understanding.
  5. Proceed to the Terms of Agreement section, where you will confirm the sale and purchase of the tax credit. Ensure the details are clear and accurate.
  6. Complete the Purchase Price field with the agreed amount for the tax credit, ensuring it matches any prior discussions or agreements.
  7. In the Payment section, acknowledge that the purchase price is to be delivered within ten business days of the Effective Date.
  8. Follow through the Deliveries by Seller section and be prepared to provide the necessary information listed, including project expenditures and proper notifications.
  9. Review the Warranties and Buyer’s Acknowledgment section, which outlines the obligations and understandings regarding the tax credit.
  10. Finish with the Successors, Amendments, and Governing Law sections to affirm that you understand the binding nature of the contract.
  11. Lastly, sign and date the document where indicated, ensuring all signatures are completed before submission.
  12. After completing the form, you can save changes, download the document, or print it for your records.

Complete your documents online today for a streamlined and efficient process.

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The purpose behind drafting a contract is to write down and identify the terms of the promises exchanged between the parties to an agreement and also address what would happen in the scenario where one party refuses to perform their part of the agreement.

When the draft contract papers are received, your solicitor will order searches (such as the local search, environmental search, water and drainage search, flood report) and will raise any necessary enquiries of the seller's solicitors based on the draft contract and supporting documents received.

A draft contract is an agreement that's not finalized. During the process of a property transaction, for instance, the first agreement is called the draft contract. The precise terms and wording also have not been agreed to by all sides.

Once the draft contract has been negotiated between the solicitors, you'll be sent a copy to check. When the final terms have been agreed and any issues have been resolved, you're ready to exchange.

Draft contracts can become binding through something called “Acceptance by Performance.” Acceptance by performance, as the name suggests, is when one or more parties to a contract begin to fulfill their contractual obligation and no party objects to those actions being performed.

Generally it takes 6-8 weeks to get to the point of exchange assuming all parties are working together, however, I have personally known some solicitors to take over two weeks just to send out the initial documents to their client and it is very likely that in this situation that it's going to be a longer journey than ...

Steps in Drafting a Contract Determining if all parties can participate in a contract. ... Determining the consideration of the contract. ... Determining the contract's terms. ... Considering using a confidentiality clause. ... Adding a dispute resolution clause. ... Including a termination of contract clause.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232