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In transactions where immovable property is sold and transferred, ownership will only be transferred when there is an agreement of sale (which may be regarded as the underlying transaction) and upon registration of the deed of transfer.
Nothing in this Agreement is intended to transfer any ownership rights to any Intellectual Property or Mark from one Party to another. Title to and ownership of a Partys Intellectual Property or Marks shall remain with the Party.
In order to sell a property, the home must have clear title. Clear title means that prior to the property title being transferred to a new owner, all existing liens and encumbrances must be paid off.
The earnest money is not consideration for the contract. However, if the buyer does not deposit the earnest money with the escrow agent within a reasonable time after contract execution, the buyer would be in default, and the seller could exercise her rights under a default provision.
A transfer of ownership agreement is a contract used to transfer ownership of something sold by one person (the Seller) to the person buying the products (the Buyer). These agreements can be used to sell a goods, a business, a vehicle, or even land.
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In short, title is a legal term that refers to ownership of something. For example, a job title means your have ownership over your role and specific set of responsibilities. You can also think of the word entitle, where you have ownership or control over something. In real estate, that something is property.
Conveyance is the act of transferring property from one party to another. The term is commonly used in real estate transactions when buyers and sellers transfer ownership of land, building, or home. A conveyance is done using an instrument of conveyancea legal document such as a contract, lease, title, or deed.
A deed is a legal instrument used by an owner, the grantor, to transfer title to real estate voluntarily to another party, the grantee. Validity of the grantees acceptance requires only that the grantee have physical possession of the deed or record the deed.
A transfer of rights contract allows you to transfer your contractual rights and responsibilities to another party. Transferring contract rights can happen either through assignment or delegation.
Today, Californians most often transfer title to real property by a simple written instrument, the grant deed. The word grant is expressly designated by statute as a word of conveyance.

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