Offer To Sell Sample With Terms And Conditions In Massachusetts
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FAQ
Contingencies. As we explained earlier, contingencies are placed in property agreements to indicate that conditions must be met before a sale can be completed. Contracts have contingencies to protect the buyer and the seller in the property agreement.
Can an offer letter be legally binding? An offer letter can be legally binding because it shows that the potential employer actually made you an official overture. But in some cases, the official letter won't stand the rigors of employment law.
A signed offer letter can serve as a contract, but many offer letters include language giving the employer the right to modify terms. While specific promises made by the employer are not the same as an employment contract, they may be enforced under certain limited circumstances if you reasonably relied on them.
While offer letters are typically not legally binding contracts, they do carry significant weight in terms of professional ethics and personal reputation.
Unless you're signing a contract of employment or are being given some kind of sign on bonus that needs to be repaid, there is nothing to stop you from accepting a job offer and then backing out.
Who signs the P&S first? The tradition and custom in Eastern Massachusetts is for the Buyer to sign it first. Legally speaking, this may not matter as it is not a valid contract until both parties sign.
Every contract, whether simple or complex, is considered legally enforceable when it incorporates six essential elements: Offer, Acceptance, Awareness, Consideration, Capacity and Legality.
While some REALTORS® may be reluctant to disclose terms of offers, even at the direction of their seller-clients, the Code of Ethics does not prohibit such disclosure. In some cases state law or real estate regulations may limit the ability of brokers to disclose the existence or terms of offers to third parties.
