How do I refer to a clause in a contract?

If you wish to refer to a sub-clause in a narrative or correspondence, I prefer to see it in the following format: For major clauses: 'Clause 13 (Variations and Adjustments)' For sub-clauses: 'Sub-Clause 13.3 (Variation Procedure)'

What is an example of a clause in real estate?

Eg. Conditional upon Buyer getting Financing (mortgage approval) or Conditional upon Inspection of the property by a home Inspector. If there is a Condition on Financing & Inspection (for example) for 5 days, it means the Seller has agreed to accept the Buyer's offer and can't accept any other offers.

What are examples of clauses in a contract?

Examples include confidentiality, liability, and termination clauses, all of which serve to protect parties' interests and provide a framework for resolving potential disputes.

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Contract for the Lease and Mandatory Purchase of Real Estate -...

Real Estate Contract Clauses Examples In Franklin

Q: What is an example of a clause in a contract?

Sample wording: This agreement may be terminated by either party by providing 30 days written notice to the other party. Change control clauses: Manage how changes to the contract or project scope are handled. Sample wording: Any changes to the scope of work must be made in writing and agreed upon by both parties.

Q: What is an example of the as is clause in a real estate contract?

Example1: The Buyer acknowledges that the property is being sold &#039;as is&#039; with all faults and defects, whether known or unknown, presently existing or that may hereafter arise. The Seller makes no warranties or representations of any kind regarding the condition of the property.

Q: What are examples of the contract clause?

Sample wording: Neither party may assign this agreement or any rights or obligations herein without the prior written consent of the other party. Cancellation clauses: These allow either party to terminate the contract under specific conditions, often requiring advance notice.

Q: What is an example of a contract period clause?

Example: Fixed Term The Agreement shall commence on date the date of this Agreement, and continue for a period of 2 years and thereafter terminate. We run through some examples of contingent commencement of contracts and termination of contracts in the context of conditions precedent.

Category:

Landlord Tenant - Residential Leases - Purchase Options

State:

Multi-State

County:

Franklin

Control #:

US-00120

Format:

Instant download

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Description

The Contract for the Lease and Mandatory Purchase of Real Estate is a comprehensive legal agreement detailing the leasing and subsequent purchase terms for real estate in Franklin. Key features include a lease section outlining responsibilities for rent, property use, and maintenance, while the purchase section specifies earnest money, purchase price, closing costs, and title transfer. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, providing clear clauses that govern tenant and seller obligations. Filling and editing instructions allow users to customize the contract with specific property details and financial terms, ensuring it meets legal standards and protects all parties involved. The form also incorporates important disclosures, such as lead-based paint hazards, necessary for compliance with federal regulations. Additionally, it offers clear guidelines for default scenarios, attorney fees, and notices, creating a well-rounded tool for both leasing and purchasing arrangements.

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FAQ

Sample wording: “This agreement may be terminated by either party by providing 30 days written notice to the other party.” Change control clauses: Manage how changes to the contract or project scope are handled. Sample wording: “Any changes to the scope of work must be made in writing and agreed upon by both parties.”

If you wish to refer to a sub-clause in a narrative or correspondence, I prefer to see it in the following format: For major clauses: 'Clause 13 (Variations and Adjustments)' For sub-clauses: 'Sub-Clause 13.3 (Variation Procedure)'

To write effective and enforceable business contracts, you need to include a number of contract clauses. These include indemnification, force majeure, copyright, termination, warranties and disclaimers, and privacy.

Eg. Conditional upon Buyer getting Financing (mortgage approval) or Conditional upon Inspection of the property by a home Inspector. If there is a Condition on Financing & Inspection (for example) for 5 days, it means the Seller has agreed to accept the Buyer's offer and can't accept any other offers.

Examples include confidentiality, liability, and termination clauses, all of which serve to protect parties' interests and provide a framework for resolving potential disputes.

These include indemnification, force majeure, copyright, termination, warranties and disclaimers, and privacy. Without including these important clauses in your business contracts, you may find yourself facing exorbitant legal fees, legal battles that could last for years, and intellectual property theft.

Example1: “The Buyer acknowledges that the property is being sold 'as is' with all faults and defects, whether known or unknown, presently existing or that may hereafter arise. The Seller makes no warranties or representations of any kind regarding the condition of the property.”

Sample wording: “Neither party may assign this agreement or any rights or obligations herein without the prior written consent of the other party.” Cancellation clauses: These allow either party to terminate the contract under specific conditions, often requiring advance notice.

1 Use plain language. 2 Define key terms. 3 Structure your clauses logically. 4 Be specific and precise. 5 Use examples and scenarios. 6 Review and revise your clauses. 7 Here's what else to consider.

Example: Fixed Term The Agreement shall commence on date | the date of this Agreement, and continue for a period of 2 years and thereafter terminate. We run through some examples of contingent commencement of contracts and termination of contracts in the context of conditions precedent.