1. Parties
This contract is entered into between the Seller and the Buyer, both parties being of legal age and capacity to enter into this agreement.
2. Property
The Seller agrees to sell and the Buyer agrees to purchase the Property, described as follows:
(Insert detailed description of the Property, including its address, size, boundaries, and any other relevant information.)
3. Purchase Price and Payment
The purchase price for the Property is (insert amount in numbers and words). The Buyer shall pay the purchase price to the Seller in the following manner:
(Insert payment terms, such as deposit, installment payments, and final payment.)
4. Closing and Possession
The closing shall take place on (insert date). At closing, the Seller shall deliver to the Buyer a deed conveying the Property to the Buyer, free and clear of all liens and encumbrances, except as otherwise provided in this contract. The Buyer shall take possession of the Property immediately following the closing.
5. Representations and Warranties
The Seller represents and warrants to the Buyer that:
a. The Seller is the lawful owner of the Property, with the right to sell the Property to the Buyer.
b. The Property is free and clear of all liens and encumbrances, except as otherwise provided in this contract.
c. The Property is in compliance with all applicable laws and regulations.
6. Inspection and Due Diligence
The Buyer shall have the right to inspect the Property and conduct due diligence, including but not limited to, obtaining a survey, appraisal, and title search. The Seller shall cooperate with the Buyer's efforts to conduct due diligence.
7. Default and Remedies
If either party defaults under this contract, the non-defaulting party shall have the right to terminate this contract and pursue any available remedies, including but not limited to, specific performance and damages.
8. Governing Law and Venue
This contract shall be governed by and construed in accordance with the laws of (insert state or country). Any dispute arising out of or relating to this contract shall be resolved in the courts of (insert city and state or country).
9. Entire Agreement and Amendments
This contract constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements, whether written or oral. This contract may not be amended except in writing signed by both parties.
10. Counterparts and Facsimile Signatures
This contract may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Facsimile signatures shall be deemed to be original signatures for all purposes.
IN WITNESS WHEREOF, the parties have executed this contract as of the date first written above.
Seller: ___________________________
Buyer: ___________________________
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