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It's crucial to confirm the name on the property contract before purchasing. This includes deciding if it will be in one or both parties' names, individual names, company names, or other entities like superannuation funds or family trusts. Seek advice from professionals like brokers, solicitors, or accountants to ensure the correct name is used, as the contract is legally binding. A recent incident highlighted the importance of clarifying this detail before entering into a contract, as changes may not be straightforward once it is signed.
