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This Contract for Deed should be submitted along with a Certificate of Value containing the name and address of the buyer and seller, the legal description of the real property, the actual consideration exchanged for the real property, the relationship of the seller and buyer, if any, and the terms of the payment if ...
Drafting Suggestions for a Sports Contract Names of parties. Addresses of parties. Statement of hiring. Term of contract. Duties and obligations of athlete. Attendance at training camp. Amount of compensation. Times at which compensation payable.
The following should be in a contract for deed: Purchase price. Interest rate. Down payment. Number of monthly installments. Buyer and seller information. Party responsibilities. Legal remedies in the event of default.
Contract for deed is a contract for the sale of land which provides that the buyer will acquire possession of the land immediately and pay the purchase price in installments over a period of time, but the seller will retain legal title until all payments are made.
Write explicitly what one party is promising to deliver and what the other agrees to pay or do in exchange. If services are part of the deal, state what services will be performed. Specify who will perform the services, for whom, where, when, for how long and for what consideration.