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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.

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What must be included in an option to purchase agreement?

No matter the format, an option to purchase must: 1) state the option fee, 2) set the duration of the option period, 3) outline the price for which the tenant will purchase the property in the future, and 4) comply with local and state laws.

What should be in a business purchase agreement?

Outline the nature of the business. If the transaction involves a sale of assets, specify the businesss incorporation status. Provide the sellers and purchasers information. If the transaction involves a sale of assets, specify the included and excluded assets and the value of each asset.

What is included in a valid purchase agreement?

The agreement must also state the price, the method of payment, any tax and insurance provisions, the type of deed to be used, all liens and encumbrances, any conditions of sale, and when title and possession will be delivered.

Can you assign a purchase agreement?

Right to Assign Most standard form purchase agreements dont have that built in, so the agreement should either be amended or have a rider added to give the investor the right to act unilaterally. A common term would be, Buyer has the right to assign this agreement without the approval or consent of Seller.

How do you format a purchase agreement?

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

Which should you always remember to include in the purchase agreement?

At minimum, the agreement should identify the parties, identify the property, state that the buyer is agreeing to buy this property and that the seller is agreeing to sell it, state the price or the manner in which the price will be calculated, and contain the signatures of the buyer and the seller.

What should be included in an asset purchase agreement?

What Must You Include in an Asset Purchase Agreement? Party information. Include the full legal names of the business, buyer, and seller in the opening paragraph. Definitions. Purchase price. Purchased assets. Representations and warranties. Dispute Resolution. Indemnification. Closing conditions.

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