Attorney Review Clauses: Contract for Real Property

• Category: Contracts - Clauses
• State: Multi-State
• Control #: US-C-CL-725-1
• 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 Attorney Review Clauses for a Contract for Real Property. The attorney review period allows either the buyer or the seller to modify the contract to meet their particular needs.

Attorney Review Clauses: Contract for Real Property are clauses in a real estate contract that allow the parties to the contract to have their lawyers review the contract before it is signed. These clauses are often used when buying or selling real estate, as they allow the parties to have their attorneys review the contract and advise them of any potential risks or issues. There are two types of Attorney Review Clauses: Standard Attorney Review Clauses, which are used in most real estate transactions, and Special Attorney Review Clauses, which are more specific and tailored to the particular transaction. Standard Attorney Review Clauses generally provide for a period of time (usually three days) in which the parties' attorneys can review the contract and offer advice before the parties sign the contract. Special Attorney Review Clauses can be more specific, such as allowing for additional time to review the contract, or providing for specific language to be included or excluded from the contract.