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Blackout Sales Contract

Blackout Sales Contract

Aug 6th, 2022

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How to Blackout Sales Contract

4.5 out of 5

2 votes

In this video, realtor David Calhoun addresses whether a buyer can back out of a purchase agreement after both parties have signed it. He clarifies that he is not providing legal advice and recommends consulting a qualified real estate attorney for legal questions. Calhoun notes that this issue has become more common, especially during the COVID-19 pandemic, as buyers may feel uncertain. He explains that while it depends on the stage of the transaction, purchase agreements typically include built-in contingencies designed to protect buyers and provide some flexibility for backing out of the contract under certain conditions.

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What does blackout period mean for employees?

Whats a vacation blackout? Vacation blackouts are a block of dates during which employees cannot schedule time off due to an expected increase in traffic (i.e., during the holidays) or special event (i.e., the iPhone rollout), and are common in retail and other industries that thrive on seasonal volume.

What does blackout period mean in business?

A blackout period in financial markets is when certain company employees are prohibited from buying or selling company shares. Most companies voluntarily impose a blackout period on employees who might have insider information ahead of earnings releases.

What is a blackout clause?

A blackout period is a policy or rule setting a time interval during which certain actions are limited or denied. It is most commonly used to prevent company insiders from trading stock based on insider knowledge.

How long is blackout period for insiders?

The blackout period ends two days after quarterly financial results have been publicly disclosed. Blackout periods may also be occasionally mandated due to special circumstances within a company that call for insiders to be precluded from trading in its securities.

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