Replace Smart Field to the Land Contract and eSign it in minutes

Aug 6th, 2022
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How to Replace Smart Field to the Land Contract

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welcome back to this five-part video series about how to structure and buy real estate using creative financing this is video three in the series and on this video Im going to show you everything you need to know about structuring and buying real estate using a creative financing strategy known as a land contract or contract for deed get ready to learn what it is the pros and cons and how to use it to make money in real estate coming up hey its Geryon or the nations leading expert on flipping real estate and if youre new here to make more money and less time flipping real estate so you can live your dream life subscribe to my channel click the bell I kind of get notified when new videos are released just to clarify so theres no confusion mortgage states use a land contract and trustee states use a contract for deed but its basically the same thing for ease of use on this video Im gonna just use land contract a land contract is another form of creative financing and its a type o

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The main legal issues arise when discussing contract negotiation issues; contract interpretation issues; the ability to engage in contact modification; and how contract execution occurs.
Since the code is law, there can be no legal disputes over the terms of the agreement. All parties that agreed to participate in the smart contract have agreed to be bound by the automatic performance of the contract as defined by the code.
The main legal issues arise when discussing contract negotiation issues; contract interpretation issues; the ability to engage in contact modification; and how contract execution occurs.
This provides that it must: be in writing. contain or incorporate all of the terms expressly agreed by the parties in one document or, where contracts are exchanged, in each, and. be signed by or on behalf of each of the parties to it.
Once completed, the transactions are trackable and irreversible. Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism.
But while a smart contract can be a legally binding agreement, it isnt necessarily always legally binding. A smart contract still has to meet all the legal requirements of a contract, such as intent to form a contract. And these legal requirements might also vary by jurisdiction.
A smart legal contract is a smart contract where the code also includes a binding legal contract: A smart legal contract is a legally binding contract in which some or all of the contractual obligations are defined in and/ or performed automatically by a computer program.
They can be stored as part of a blockchain or other distributed ledger technology, and integrated into various payment mechanisms and digital exchanges that can include bitcoin and other cryptocurrencies. Despite the name, smart contracts are not legally binding contracts.

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