Purchase of Stock in Trade Clauses: Contract for Real Property

• Category: Contracts - Clauses
• State: Multi-State
• Control #: US-C-CL-580-1
• Format: Word; Rich Text

Description

A clause dictates the conditions under which the contract is legally enforceable and determines the terms of the contract. Contracts often contain boilerplate clauses or standard clauses found across most contracts. These standard clauses do not require a lot of negotiation. Included is a Sample Purchase of Stock in Trade Clause for a Contract for Real Property. Seller(s) agrees to sell and Buyer(s) agree to buy all of the stock in trade and merchandise now on the premises.

Purchase of Stock in Trade Clauses are clauses in real estate contracts that outline the terms and conditions of the purchase of goods or services that will be used in connection with the real estate transaction. These clauses typically address the purchase price, payment terms, delivery, warranties, and other related matters. The types of Purchase of Stock in Trade Clauses: Contract for Real Property include: • Payment Terms Clause: This clause outlines the details of when the payment for goods or services must be made, including any late fees or other penalties for non-payment. • Delivery Terms Clause: This clause outlines the details of when the goods or services will be delivered, as well as any related costs. • Warranties Clause: This clause outlines any warranties or guarantees that the seller is providing with the sale of goods or services. • Indemnification Clause: This clause outlines any liability or responsibility the seller may have for any losses or damages that may occur in connection with the sale of goods or services.