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Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.

Option contract: Allows a buyer and seller to enter into a contract for the sale of goods or real prop- erty, but the sale is contingent upon certain terms, like a time-frame or an action, such as securing financing for your new car.

An option contract is a promise to keep an offer open for another party to accept within a period of time. With an option contract, the offeror is not permitted to revoke the offer within the stated period of time. Most option contracts require consideration and other contract formalities in order to be enforceable.

Among the terms typically included in the agreement are the purchase price, the closing date, the amount of earnest money that the buyer must submit as a deposit, and the list of items that are and are not included in the sale.

Requests for Disclosure ? the most basic form of Texas Discovery. Requests for Disclosure are issued in almost all lawsuits. Requests for Disclosure are designed to produce the most basic information about a lawsuit. ?In a recent case, a party failed to answer our Request for Disclosure.

Required Initial Disclosures in Texas Family Law Cases Names of the parties to the lawsuit (husband and wife or mother and father if the parties are unmarried); The name, address, and telephone number of any potential parties who might have a right to participate in the lawsuit, such as grandparents.