The Oklahoma Agreement that Contract Contingent on Attorney Approval, also known as the Oklahoma Attorney Approval Contingency Contract, is a legally-binding agreement that allows parties involved in a contract to include a provision that makes the contract contingent upon attorney review and approval. This type of agreement is commonly used in Oklahoma when parties want to ensure that their respective attorneys have the opportunity to thoroughly review and provide their professional input before finalizing the terms and conditions of a contract. It offers an added layer of protection and legal scrutiny for both parties involved. The Oklahoma Agreement that Contract Contingent on Attorney Approval typically includes the following key elements: 1. Parties: The agreement identifies the parties involved in the contract and their respective roles and responsibilities. 2. Contingency clause: This provision states that the contract is contingent upon the review and approval of attorneys representing both parties. It emphasizes that the contract is not considered binding until both attorneys provide their approval. 3. Review period: The agreement specifies a specific timeframe within which the attorneys must review the contract. The common duration is usually a few days or a week, but it can be negotiated based on the complexity and nature of the contract. 4. Approval process: The agreement outlines the process for attorney approval, including communication channels, necessary documentation, and any specific requirements. 5. Obligations during the review period: Both parties agree to refrain from making any changes or modifications to the contract during the attorney review period, ensuring that the contract remains intact for attorney evaluation. Different types of Oklahoma Agreements that Contract Contingent on Attorney Approval can include: 1. Real Estate Purchase Agreement: In real estate transactions, this type of agreement allows the buyer and seller to include a contingency clause that makes the contract dependent on attorney approval. 2. Business Partnership Agreement: When forming a business partnership, the parties involved may choose to include an attorney approval contingency clause within the partnership agreement to ensure professional legal advice is sought before committing to the partnership. 3. Employment Contract: In the case of employment contracts between employers and employees, an attorney approval contingency agreement can be included to provide an opportunity for legal review and approval. Overall, the Oklahoma Agreement that Contract Contingent on Attorney Approval serves as a protective measure for both parties involved, allowing them to seek legal advice and ensuring that the contract's terms and conditions are thoroughly examined before finalization.
Oklahoma Agreement that Contract Contingent on Attorney Approval
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