Exclusive Sales Contract With Reservation
Description
How to fill out Exclusive Foreign Sales Representative Agreement With Manufacturer?
How to obtain professional legal documents that adhere to your state regulations and prepare the Exclusive Sales Contract With Reservation without needing an attorney.
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FAQ
A reservation agreement is used when a buyer wants to prevent a seller from negotiating the sale of a property with another party for a fixed period of time. The objective is to offer the buyer time to proceed with the transaction without running the risk of losing the property to a rival buyer (aka gazumping).
The term reservation fee, refers to the fee charged by a hotel for booking a room. It is very similar to a Security Deposit meaning it is paid in order to secure the room of the buyer. Though it is only then refundable if the buyer cancels the booking before the fees deadline.
A reservation is a binding contract consisting of mutual promises: the hotel agrees to provide the accommodation at the quoted rate, and the client agrees to pay.
A contract of sale can be made merely by an offer, to buy or sell goods for a price, followed by acceptance of such an offer. Interestingly, neither the payment of price nor the delivery of goods is essential at the time of making the contract of sale unless otherwise agreed.
Reservation Fee is non-refundable and is only valid for thirty (30) days.