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[Music] many variations of the purchase agreement exist further different publishers structure their purchase agreements an addenda in a variety of ways however many universal characteristics exist nearly all purchase agreements will first identify the parties of the transaction as well as the underlying real estate this will identify the date and place of preparation the name of the buyer the amount of the good-faith deposit the description of the real estate and an inventory of any personal property included in the transfer next the price and terms of the transaction will be covered this includes all the typical variations for payment of the price whether by conventional purchase assist financing or a takeover of existing financing the terms for acceptance and performance are covered next this includes aspects of the formation of a contract excuses for non-performance and termination of the agreement the most extensive component of the purchase agreement addresses the physical attri
