Nebraska Sample Purchase and Sale Agreement between Shop co Malls, LP and Barker Pacific Group, Inc. This Nebraska Sample Purchase and Sale Agreement outlines the terms and conditions agreed upon between Shop co Malls, LP (hereinafter referred to as "Seller") and Barker Pacific Group, Inc. (hereinafter referred to as "Buyer") for the purchase and sale of a commercial property located in Nebraska. Key provisions of this agreement include: 1. Parties: Clearly identifies the Seller and Buyer involved in the transaction. 2. Property Description: Provides a comprehensive description of the commercial property, including the address, legal description, and any specific details that describe the premises accurately. 3. Purchase Price: Specifies the agreed-upon purchase price for the property, including any down payment or deposit amount required. 4. Earnest Money: Outlines the earnest money deposit to be paid by the Buyer as a sign of good faith, which will be applied towards the purchase price upon successful completion of the transaction. 5. Due Diligence Period: Defines a specific timeframe during which the Buyer can conduct inspections, review documents, and perform necessary investigations to evaluate the property's condition and suitability for their intended use. 6. Closing Date and Escrow: Establishes a closing date for the transaction, and details the use of an escrow account to hold funds until all conditions are met and the transfer of ownership can be completed. 7. Representations and Warranties: Provides assurances by the Seller regarding the property, including its legal status, compliance with regulations, and any existing leases or encumbrances. 8. Default and Remedies: Outlines the consequences and remedies if either party fails to fulfill their obligations under the agreement, including the option for legal action or termination of the agreement. 9. Closing Costs: Specifies which party will be responsible for various closing costs, such as title searches, recording fees, transfer taxes, and any lender fees. 10. Governing Law: Determines which state laws will govern the interpretation and enforcement of this agreement, specifically pertaining to Nebraska. It is important to note that while there may be variations of the Nebraska Sample Purchase and Sale Agreement between Shop co Malls, LP and Barker Pacific Group, Inc., they would likely differ based on specific factors such as property type, additional contingencies, financing arrangements, or unique negotiations between the buyer and seller.
Nebraska Sample Purchase and Sale Agreement between Shopco Malls, LP and Barker Pacific Group, Inc.
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