This form provides boilerplate contract clauses that give further assurances and pre-closing assurances to the various parties of the contract agreement. Several different language options are included to suit individual needs and circumstances.
Broward Florida Negotiating and Drafting Further Assurances and Pre-Closing Assurances Provisions
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State:
Multi-State
County:
Broward
Control #:
US-ND2205
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Word;
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How to fill out Negotiating And Drafting Further Assurances And Pre-Closing Assurances Provisions?
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FAQ
A further assurances clause is part of the standard 'boilerplate' in most sophisticated commercial agreements. It provides that a party shall provide cooperation and assistance to the other party in executing duties under the contract.
The parties undertake to take all necessary measures to avoid corruption, in particular that no payments, gifts or other advantage will be offered or accepted.
Contracts are made up of three basic parts an offer, an acceptance and consideration. The offer and acceptance are what the purpose of the agreement is between the parties.
Paralegals often draft legal documents such as complaints and other pleadings. A component of this type of document is the caption. The caption provides information such as "the location of the action, the court, the docket or file number, and the title of the action" (McCord, 2008, p.
A survival clause or survival provision is a contractual clause allowing the parties to mutually agree to maintain the enforceability and legally binding status of certain contractual obligations past the expiration, termination or completion of the contract.
A covenant of further assurances is the related promise that the grantor will do whatever is necessary to remove a defect associated with title, such as an encumbrance, if it arises, and if the problem is not fixed, damages will be awarded.
The contents of a contract are known as terms or clauses. An agreement will generally consist of various terms. Even the simplest forms of contract will have terms. The main terms generally being the price paid and the subject matter of the contract, eg.
A covenant of further assurances is the related promise that the grantor will do whatever is necessary to remove a defect associated with title, such as an encumbrance, if it arises, and if the problem is not fixed, damages will be awarded.
This Standard Clause, also referred to as a captions, titles, or headings and captions clause, provides that headings used to identify an agreement's provisions, including the sections, articles, clauses, exhibits, and schedules, do not have any substantive meaning or interpretive value.
Section numbering. Do not place the word Section in front of each section number. You can number sections consecutively (i.e. 1., 2., 3. or (1), (2), (3)) or you can number the articles and sections using a multiple-numeration system (i.e. the sections of article 2 being numbered 2.1, 2.2, 2.3).