purchaser and seller acknowledge that broker is_____ ... sale of purchaser's property a. 7. hereby agrees to pay the aggregate purchase price of $_____, or $_____ per share, for the Shares at the Closing (as defined below). © 2020 Electronic Forms LLC. Any written notification of cancellation of this Purchase Agreement must be sent to Sellers on or before 11-24-2009 to be considered valid and enforceable. The agreement initiates the negotiation process by indicating the buyer’s proposal to acquire the property. PURCHASE AND SALE AGREEMENT (With Contingencies) The parties make this Agreement this day of , . Any other financial information deemed necessary by Buyers. SALES TAXES 6.1 The Purchaser shall pay any and all sales taxes payable in respect of the purchase and sale of assets pursuant to this agreement. You can also purchase digital sale and purchase agreement … The final part of the Home Purchase Agreement should be the signatures of all parties involved as a show of acceptance to the terms being outlined in the agreement. All prior agreements, representations and warranties, express or implied, oral or written, with respect to the subject matter hereof, are hereby 13. 14. Seller/Landlord’s Licensee, if any will be paid from the Seller’s funds at closing according to the terms of the Listing Agreement. If the offer to a Home Purchase Agreement has not yet been accepted, a buyer may have a chance of terminating the deal. Indemnity. Agreement of Purchase and Sale of Business Assets Page 4 of 5 6. Seller must bring “a certificate stating that no taxes are due” to Buyer, prior to closing. 11. LICENSEES ACTING AS AN AGENT OF THE BUYER/TENANT HAVE A DUTY TO REPRESENT THE BUYER’S/TENANT’S INTEREST AND WILL NOT BE AN AGENT OF THE SELLER/LANDLORD. DAMAGE TO PROPERTY : Seller shall maintain property in its current condition and keep it insured against all loss until closing. It is understood that Broker will not give legal, accounting, tax, investment or securities advice, and that Seller/Landlord is to utilize separate counsel for such guidance. This document has legal consequences. 1. 5. 6. 1. parties to contract - property. All the parties involved in a real estate property purchase transaction should be knowledgeable of the content of the purchase sale agreement form so they can see a comprehensive list of the clauses that they should be aware of. T    DUE DILIGENCE:  This Purchase Agreement is further contingent upon Buyers reviewing, to their satisfaction and approval, the following documents: Seller needs to provide Buyer a Certificate of No Tax Due for sales tax (and or a Tax Clearance if the seller had employer withholding tax or other tax types such as property tax) on or before closing date. The applicable scenario for a seller financing sales agreement is where the seller is the one to finance a portion of the purchase price on behalf of the buyer. A Washington residential purchase and sale agreement is used when placing an offer to purchase real estate. THE BROKER IS NOT AUTHORIZED TO GIVE LEGAL ADVICE. Through a Sale of Goods Agreement, a seller and buyer can outline the terms and conditions of the sale of the item or items being transferred. The advanced tools of the editor will guide you through the editable PDF template. In the event of destruction covered by insurance, buyer may elect to close If the buyer chooses to cancel the purchase, they must notify the seller in writing within the three (3) business-day period. Sue H & Kay H Cho, Wife & Husband  [hereinafter “Buyers”] agree to purchase from City Laundry Services, LLC, Ephren W Taylor [hereinafter “Sellers”] the business assets, including all equipment, fixtures, goodwill, inventory, trademarks, trade names and leasehold rights, known as:39th St Laundromat and located at: 1716 W 39th St, Kansas City, MO  64111. 14. 4.4 Upon Seller's receipt of the Purchase Price, in full, Seller shall provide Buyer with Horse's L, Address: 2000 Mallory Lane, Suite 130-131. The agreement template contains all the important clauses as well as the terms and conditions of the agreement to avoid any possible misunderstanding later. The Sellers shall be reimbursed at closing for any security deposits or future rents which have been paid by Sellers prior to closing. If Buyers, upon performing a UCC search, discover or ascertain outstanding liens/encumbrances upon any assets itemized in the Inventory of Assets attached to this Purchase Agreement, upon written notification to Sellers, Sellers shall have ten (10) days to satisfy any liens/encumbrances or make an additional agreement with Buyers regarding how the same will be satisfied with proceeds exchanged at the closing. the Seller who wishes to sell a piece of personal property and the Buyer who wants to buy that property If you do not understand it, consult your attorney. A Washington residential purchase and sale agreement is used when placing an offer to purchase real estate.The agreement initiates the negotiation process by indicating the buyer’s proposal to acquire the property. 16. INFORMATION GIVEN BY THE BUYER/TENANT TO A LICENSEE ACTING AS AN AGENT OF THE SELLER/LANDLORD WILL BE DISCLOSED TO THE SELLER/LANDLORD. Sellers hereby agree to buy on the terms set forth above. If Sellers’ fail to take measures to satisfy any liens/encumbrances which are acceptable to Buyers, Buyers may give written notification to Sellers of the cancellation of this Purchase Agreement and all deposits will be refunded in full to Buyers. Broker assumes no responsibility for accuracy of such information or for errors or omissions. SELLER City Laundry Services LLC by Kinta. LICENSEES ACTING AS DISCLOSED DUAL AGENTS ARE ACTING AS AGENTS FOR BOTH THE SELLER/LANDLORD AND THE BUYER/TENANT. THIS IS A LEGALLY BINDING DOCUMENT. In the simplest form of a sale where a company being sold is wholly owned by a single person or parent company and is being bought by a single buyer, there are only two parties to the agreement. If said document review provides information which is materially different or in contradiction to any information previously provided by Sellers, Buyers may, at their sole option, consider this Purchase Agreement null and void and provide written notification to Sellers of the cancellation of this Purchase Agreement, and all deposits will be refunded in full to Buyers. IF YOU DO NOT UNDERSTAND IT, CONSULT AN ATTORNEY. The Parties,” … A purchase and sale agreement is a compulsory legal document to have when a buyer and seller are entering into a real estate transaction. Seller Disclosure Statement (§ 64.06.030 & § 64.06.020) – A statement outlining the condition of the property. Contract for the Purchase and Sale of a Business. this agreement and any earnest money deposited by Purchaser will be promptly refunded. A purchase and sale agreement in Idaho is a legal document drawn up by two parties involved in a residential real estate transaction. With our Purchase Agreement Template, just fill in the attached form with buyer and seller details, a description of the property, and the selling price. The purchase price of Twenty Thousand Dollars ($20,000.00) shall be paid as follows: $2,000.00 deposit paid to Block Real Estate Services, LLC  the date of this fully executed Agreement  to be applied to purchase price at closing. (Note: A separate Dual Agency Disclosure Addendum is required). A Business Sale Agreement, also sometimes called a Business Purchase Agreement, is a document which the seller of a company and their chosen buyer can enter into when an entire business is being sold.Through a Business Sale Agreement, a seller and buyer can outline the terms and conditions of the business sale so that they have memorialized their entire understanding. In pursuing its duties, Broker relies on the accuracy of information supplied by the Seller/Landlord and the Buyer/Tenant. During this time, the seller may alter the terms by submitting to the buyer a counter-offer. purchase price, showing no encumbrances or exceptions other than previously noted. If premises are residential property constructed prior to 1978 buyer must sign lead paint "Property Transfer Notification Certification" prior to signing Purchase and Sale Agreement. Buyers hereby agree to buy on the terms set forth above. INFORMATION GIVEN BY THE SELLER/LANDLORD TO A LICENSEE ACTING AS AN AGENT OF THE BUYER/TENANT WILL BE DISCLOSED TO THE BUYER/TENANT. The Buyer shall pay any sales or use tax imposed by a state or local government, which results from the sale of the Aircraft. 12. The closing of the purchase and sale of the Shares under this Agreement shall occur simultaneously with the execution of this Agreement by the Parties. However, by placing their initials here Buyer /s/ SC, RC and Seller /s/ KD agree that the amounts stated in items 1 and 2 are only estimated and are subject to adjustment at Closing based on the actual (inventory) at that time. The agreement covers details such as price, earnest money, financing, property condition, disclosures, and other contingencies. Enter your official identification and contact details. ____________________________________________________________________. 1.1 DATE OF THIS AGREEMENT: 1.2 PREMISES: All rights reserved. 3. • You need to read and understand the sale and purchase agreement before you sign it. This document and the attachments hereto contain the entire understanding of the parties and there are no additional oral agreements, understandings or representations relied upon by the parties. Assignment. This Agreement, including the attachments mentioned in the body as incorporated by reference, sets forth the entire agreement between the Parties with regard to the subject matter hereof. This agreement constitutes the entire agreement between the parties with respect to the subject matter hereof, and supersedes all pre-existing agreements and understandings between them with respect thereto. The full purchase price shall include assets valued at $15,000.00, which are itemized in the document attached hereto and titled “Agreement to Allocate Purchase Price”. Parties. i) Choice of Law and Venue. 8. $18,000.00 Balance of said purchase price paid via Cashiers Check on November 30, 2009. The agreement may also cover property that is … If the Sellers fail to accept this agreement on presentation, then the Buyers may revoke this agreement. Residential Real Estate Purchase Agreements. The first article, “I. Within five (5) business days after the agreement is made, the seller must provide the buyer with a Seller’s Disclosure Statement detailing the condition of the property. Buyer/Tenant to Pay Buyers’ Agent. purchase price of the Aircraft, as specified in this Agreement, the Seller shall return all payments to the Buyer except for the deposit. 2. TIME IS OF THE ESSENCE:Time is of the essence of this Sale and Purchase Agreement. buyer who wants to purchase a home or other piece of real property and a seller who owns that property and wants to sell SALE AND PURCHASE AGREEMENT 1.8 Gross Discount : The whole aggregate discount. The Sellers are not aware of any claims, litigation or governmental investigations affecting the operation of the business or any assets being sold. 1.11 Service Provider :Operators and/or facilitators who have made possible the execution This agreement is … All Licensees(s) will be paid from the Seller’s funds at closing according to the terms of the Listing or other Commission Agreement. purchase agreement this is a legally binding contract between purchaser and seller. 1.9 Net Discount :A part of discount corresponding exclusively to the Buyer. 1.10 Mandate :Authorized person to act in legal representation of anyone of the party. In these cases, each of the shareholders will need to enter into the sale and purchase agreement to sell their shares. Taxes. The above allocation is agreed to between Buyer and Seller. ALL DEPOSITS SHALL BE HELD BY BLOCK REAL ESTATE SERVICES, LLC  WHO, AT THEIR OPTION, MAY HOLD THE BUYERS’ DEPOSIT CHECK IN AN UNCASHED FORM UNTIL ALL OF THE CONTINGENCIES OF THIS SALE HAVE BEEN SATISFIED. A car purchase agreement acts as a binding contract.It’s a document that seals a car’s dealership when signed. After accepting the disclosure, the buyer will have three (3) business days to continue with the purchase or cancel the offer. B car purchase, usually contains information about the buyer, the dealer and the car itself. All the taxes (MO sales tax and county business property tax) must be paid by Seller, or reimburse to Buyer prior to closing this transaction. 10. Closing. if you do not understand it, seek legal advice. 4.2 Seller is the sole owner of Horse and has authority to enter into this Agreement. Included in the offer will be the requested purchase price … Looking for a sale or purchase agreement? A real estate purchase agreement is a binding agreement where the seller and the buyer agree and commit to the terms of the sale of a piece of real property. Please be aware that our agents are not licensed attorneys and cannot address legal questions. Identification of both parties. It also contains prices and how the vehicle is paid. Included in the offer will be the requested purchase price and other conditions established by the buyer. THE PARTIES EXECUTING THIS CONTRACT REPRESENT AND WARRANT THAT THEY ARE LEGALLY AUTHORIZED TO DO SO. BUYERS agree to pay all customary loan costs. This Purchase Agreement is contingent upon the terms and conditions contained in the document attached hereto and titled “Contingencies” to Purchase Agreement Date: 9. The purchase price shall be paid in cash at the time of closing the sale after deducting from the purchase price the then outstanding … This Agreement supersedes and replaces all obligations made in any prior Contract To Purchase or agreement for sale entered into by the parties. No problem! 4.3 There is no lien or encumbrance on the Horse. h) Entire Agreement. The Sellers warrant that at the time physical possession of the business is delivered to the Buyers, all the equipment will be in AS IS condition and that the premises of said business will pass all inspections necessary to conduct the business. • You must sign a written sale and purchase agreement to buy or sell a property. NAME: Jennifer Jang, Block Real Estate Services, LLC. The Buyers and Sellers agree to execute all documents necessary to conclude this transaction, including, where applicable, assignments of leases, contracts, licenses, operating agreements or other such documents necessary to fulfill the parties’ intent. If you do not understand it, consult your attorney. This Agreement may not be transferred or assigned without Should both parties come to an agreement on the purchase conditions, they can sign the document to create a legally binding commitment to transfer ownership of the property. Licensees hereby certify that they are licensed to sell real estate in the state in which the Property is located. Seller/Landlord and Buyer/Tenant acknowledge that the real estate Licensee involved in this transaction may be acting as agents of the Seller/Landlord, agents of the Buyer/Tenant, Transaction Brokers or (in Missouri only) Disclosed Dual Agents. PROPERTY ADDRESS, CITY, COUNTY, STATE, ZIP: THE FOLLOWING DISCLOSURE IS MADE IN COMPLIANCE WITH MISSOURI AND KANSAS REAL ESTATE LAWS AND RULES AND REGULATIONS. See “Contingencies to Purchase Offer” (Attached). Seller/Landlord agrees to defend, indemnify and hold harmless Broker and the Broker’s affiliates and their agents, partners, officers, directors, contractors and advisors against any damages, losses, claims, liabilities and/or lawsuits to which any of them may become subject in connection with services rendered herein, this Agreement or caused or alleged to be caused by the acts or omissions of Seller/Landlord, including payment of all reasonable attorneys’ fees and litigation expenses incurred by them arising from or in connection with any action or claim made in connection therewith, whether or not resulting in any liability, except in such case where loss, claim, damage or liability arises from the gross negligence or willful misfeasance by Broker in performing services hereunder. Lead-Based Paint Disclosure – Used to inform buyers of the existence of lead-based paint on the premises (only applicable to residences built prior to 1978). Any written notification of cancellation of this Purchase Agreement must be sent to Sellers on or before 11-19-2009 to be considered valid and enforceable. What Is a Car Purchase Agreement? Licensee Assisting Seller/Landlord is acting as: (Check applicable), Designated Seller’s/Landlord’s Agent (Supervising Broker acts as Transaction Broker), Disclosed Dural Agent (Missouri only-Disclosed Dual Agency Addendum is required), Licensee Assisting Buyer/Tenant is acting as: (Check applicable), Designated Buyer’s/Tenant’s Agent (Supervising Broker acts as Transaction Broker), Disclosed Dual Agent (Missouri only-Disclosed Dual Agency Addendum is required), PAYMENT OF COMMISSION: All licensees(s) indicated above will be paid a commission at closing of the sale of the property as follows: (check applicable paragraph), Seller/Landlord to Pay all Licensees. BUYERS AND SELLERS INDIVIDUALLY ACKNOWLEDGE RECEIPT OF A COPY OF THIS AGREEMENT. 4. CAREFULLY READ THE TERMS HEREOF BEFORE SIGNING. It’s a sale agreement between a dealer and a buyer that details all the information regarding the vehicle purchase. APPLICACABLE SECTIONS BELOW MUST BE CHECKED, COMPLETED, SIGNED AND DATED FOR BOTH SELLER AND BUYER. 13. This document has legal consequences. However, additional parties may be involved when, for example, there are multiple shareholders in the company being sold. The seller will have a designated period in which they can respond to the offer before it expires. This includes the specifics of the property, the purchase price, the downpayment, the payment terms and other terms and … Any modifications must be in writing and signed by all parties. The closing shall take place at 10:00 o’clock A.M. on November 30,2009 at the office of Block Real Estate Services, LLC. A sale and purchase agreement is a legally binding contract between you and the seller. THE PURCHASE OF THIS HORSE IS SUBJECT TO THE TERMS AND CONDITIONS OF AN "AS IS" SALE. SECTION 1 -- INFORMATION AND DEFINITIONS. Failure of the buyer to notify the seller within the designated period will constitute the buyer’s acceptance of the agreement. Purchase and Sale Agreement for Massachusetts Real Estate. 11. Buyer/Tenant’s Agent will be paid from the Buyer’s funds according to the terms of the Buyer/Tenant Agency Agreement. sale and purchase agreements • A sale and purchase agreement is a legally binding contract between you and the other party involved in buying or selling a property. It sets out all the details, terms and conditions of the sale — this includes things such as the price, any chattels being sold with the property, whether the buyer needs to sell another property first and the settlement date. Instruments of sales, assignments and deliveries to be made to Buyer shall be effected by a Bill of Sale and other instrument of transfer as maybe necessary and which are satisfactory to Buyer. Introduce The Agreement, Seller, Buyer, And Concerned Property. Purchase Sale Agreement Forms. Both parties should be identified individually; it should be specified … A purchase sale agreement form defines all the obligations of both the buyer and the seller. 1. [insert name], the "SELLER," agrees to sell and T    LEASE:  The  Purchase Agreement is contingent upon Buyers negotiating a new lease with acceptable terms and conditions with the landlord/owner of 1716 W 39th St, Kansas City MO 64111. How to fill out the Vessel purchase agreement form on the internet: To get started on the document, utilize the Fill & Sign Online button or tick the preview image of the form. PURPOSE. A Sale of Goods Agreement, also sometimes called a Sales Agreement or Sales Contract, is a document that a buyer and seller can enter when a certain good or certain goods are being sold. Our support agents are standing by to assist you. Provisions of this Section shall indefinitely survive termination or expiration of this Agreement. If you’re a buyer or seller looking for a sale and purchase agreement, you’ll need to contact your lawyer or conveyancer, a licensed real estate professional or the Auckland District Law Society (ADLS). LICENSEES ACTING AS AN AGENT OF THE SELLER/LANDLORD HAVE A DUTY TO REPRESENT THE SELLER’S/LANDLORD’S INTEREST AND WILL NOT BE THE AGENT OF THE BUYER/TENANT. 6.2 The Vendor shall pay all sales taxes payable or collectible in … Create a high quality document online now! The Florida residential real estate purchase agreement (“residential purchase and sale agreement”) sets forth the terms and conditions by which both buyer and seller are bound to until the closing of the residential sale. This Agreement to Allocate Purchase Price (“Rider”) is attached as a supplement to the Contract for the Purchase and Sale of a Business dated   11-30-09  (“Contract”), in which Sue H & Kay H Cho, Wife & Husband is referred to as Buyer and City Laundry Services LLC is referred to as Seller for the purchase of the business known as 39th St Laundormat and situated in    1  , County of Jcakson, State of MO, located at 1716 W 39th St. For purchases of this Rider, the purchase price is allocated as follows: Inventory of salable merchandise, stock in trade and work in progress, (It will be recalculated a day before closing). DOCUMENTS FOR CLOSING: Seller’s attorney shall pr epare deed, note, mortgage, Seller’s af fidavit, any cor-rective instruments required for perfecting the title , and closing statement and submit copies of same to Buyer’s attor - In case any litigation is necessary to collect any sum due the Broker, the Sellers agree to pay the expenses incurred by the Broker in connection with such suit. WHEN SIGNED BY ALL PARTIES, THIS DOCUMENT BECOMES PART OF A LEGALLY BINDING CONTRACT. A purchase agreement helps describe the terms and conditions regarding the sale and most importantly, it helps ensure that both parties will follow their ends of the bargain. LICENSEES ACTING IN THE CAPACITY OF A TRANSCATION BROKER ARE NOT AGENTS FOR EITHER PARTY AND DO NOT AVOCATE THE INTERSTS OF EITHER PARTY. READ IT CAREFULLY. The template then converts each submission into a sleek PDF document, easy to download, print, or share in a single click. This Purchase Agreement is further conditioned upon the terms and conditions contained in the document attached hereto and titled “Additional Considerations of Purchase Agreement Dated: 10. This Purchase Agreement is contingent upon the BUYERS obtaining a written commitment for a first real estate mortgage for ____ % of the purchase price with interest on the promissory note secured thereby of not more than _____ % amortized over a term of not less than _____ years. A sales contract agreement is a legal contract between two or more parties for the exchange of goods and services. Car Sale And Purchase Agreement Pdf. The seller must provide the statement to the buyer within five (5) business days after reaching a mutual agreement to purchase. To property: seller shall maintain property in its current condition and keep insured!, which refers to different terms, such as the contract parties be. Purchase sale agreement is a compulsory legal document to have when a and. 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