Receipt and Agreement: This is an official form from the North Carolina Administration of the Courts (AOC), which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by North Carolina statutes and law.
North Carolina Receipt And Agreement
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FAQ
The due diligence fee is a negotiated sum of money, typically between $500 and $2000, depending on the home's price point and a number of other factors. As a buyer, you want a smaller fee because it means less money at stake should you back out of the purchase.
To be enforceable, a contract must have sufficient consideration. Consideration is something of value (money, labor, goods or a promise to act or not act) given in exchange for a return promise or a performance and only if the parties intend to make such an exchange.
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A party must have evidence of a verbal contract, including witnesses, records of telephone calls, or an unofficial paper trail, such as emails or letters, in order to help prove they were party to a contract. Contracts signed under duress are not legally binding in North Carolina.