Who prepares a sales and purchase agreement?

A buyer's agent prepares a purchase agreement as their client's formal offer on a property, then sends the offer to the seller's listing agent. The listing agent presents the document to the seller. If the seller isn't happy with the offer, they can decline or counteroffer, usually within 24 hours.

US Legal Forms
Localized Forms
Texas
Tarrant
Additional Purchaser Representations And Warranties

Tarrant Texas Additional Purchaser Representations And Warranties

Name: Tarrant Texas Additional Purchaser Representations And Warranties
Brand: US Legal Forms
Rating: 4.79 (369 reviews)

Category:

Corporations - Startup - Sample Startup Company Forms

State:

Multi-State

County:

Tarrant

Control #:

US-S2306-3AM

Format:

Instant download

Description

This sample form, an Additional Purchaser Representations and Warranties document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state. Available in Word format.

View San Bernardino Sample Letter for Attorney in Process of Review State Law for Payout

View this form

View San Bernardino Sample Letter for Claim to Funds

View this form

View San Bernardino Affidavit regarding Account Access Signature Card

View this form

View San Bernardino Sample Letter for Judicial Foreclosure

View this form

View San Bernardino Agreement to Remove House

View this form

Complaint for Personal Injury and Wrongful...

View this form

How to fill out Tarrant Texas Additional Purchaser Representations And Warranties?

Preparing legal paperwork can be burdensome. Besides, if you decide to ask a lawyer to draft a commercial contract, documents for ownership transfer, pre-marital agreement, divorce papers, or the Tarrant Additional Purchaser Representations And Warranties, it may cost you a fortune. So what is the best way to save time and money and draft legitimate forms in total compliance with your state and local laws? US Legal Forms is a great solution, whether you're looking for templates for your individual or business needs.

US Legal Forms is largest online library of state-specific legal documents, providing users with the up-to-date and professionally checked templates for any use case gathered all in one place. Consequently, if you need the current version of the Tarrant Additional Purchaser Representations And Warranties, you can easily locate it on our platform. Obtaining the papers takes a minimum of time. Those who already have an account should check their subscription to be valid, log in, and select the sample by clicking on the Download button. If you haven't subscribed yet, here's how you can get the Tarrant Additional Purchaser Representations And Warranties:

Look through the page and verify there is a sample for your region.
Check the form description and use the Preview option, if available, to ensure it's the sample you need.
Don't worry if the form doesn't suit your requirements - search for the right one in the header.
Click Buy Now once you find the required sample and choose the best suitable subscription.
Log in or sign up for an account to purchase your subscription.
Make a payment with a credit card or through PayPal.
Choose the file format for your Tarrant Additional Purchaser Representations And Warranties and save it.

When done, you can print it out and complete it on paper or upload the samples to an online editor for a faster and more practical fill-out. US Legal Forms enables you to use all the paperwork ever purchased multiple times - you can find your templates in the My Forms tab in your profile. Try it out now!

Form Rating

4.79

Satisfied(369)

Form popularity

FAQ

As a default, the remedies for a breach of a warranty are indemnification, termination (requires a material breach) or proportionate reduction of the purchase price. The purchase agreement usually will limit the remedy for breaches to indemnification.

Specifically, the remedy for breach of warranty is typically some measure of expectancy damages, whereas the remedies for the tort of misrepresentation are typically rescision plus some measure of reliance or restitution damages, along with punitive damages if the misrepresentation was intentional.

In an M+A context, the term representations and warranties refers to factual statements included in a merger or acquisition agreement pursuant to which one party asserts the truth or accuracy of certain factual matters.

The representations and warranties allocate risk between the parties and serve as the foundation for an indemnification claim in case of a breach or inaccuracy. A breach or inaccuracy of a representation or warranty can also provide the other party with a right to terminate or refuse to close the transaction.

Your sale and purchase agreement should include the following: Your name(s) and the names of the seller(s). The address of the property. The type of title (for example, freehold or leasehold). The price. Any deposit you must pay. Any chattels being sold with the property (for example, whiteware or curtains).

Under a claim for breach of representation, damages are assessed from the date the misrepresentation was made. This is usually an earlier date and so may give rise to a higher level of damages.

However, there are some basic items that should be included in every purchase agreement. Buyer and seller information. Property details. Pricing and financing. Fixtures and appliances included/excluded in the sale. Closing and possession dates. Earnest money deposit amount. Closing costs and who is responsible for paying.

The representations and warranties section of the Purchase Agreement is one of the most negotiated sections of any agreement between a buyer and a seller. It covers statements of fact and promises about what is sold. The seller will make several representations and warranties about the target and assets.

A buyer's agent prepares a purchase agreement as their client's formal offer on a property, then sends the offer to the seller's listing agent. The listing agent presents the document to the seller. If the seller isn't happy with the offer, they can decline or counteroffer, usually within 24 hours.

Five remedies for breach of contract include: Award of Damages, Restitution, Rescission, Reformation, and Specific Performance.

Interesting Questions

More info

Many forms in Texas are not available in a fill-in-the-blank format. One of the few homes in the neighborhood with a threecar garage with added storage.Private back yard with spacious open patio extension. 1902See Innocent Purchaser , 1 ; Vendor's Lien , 1 .

Tarrant Texas Additional Purchaser Representations And Warranties

Description

Related forms

Viewed forms

How to fill out Tarrant Texas Additional Purchaser Representations And Warranties?

Show more info

Form Rating

Form popularity

FAQ

What are the remedies for breach of warranty?

What is the remedy for breach of representation and warranty?

What is a representation and warranty in the context of a M&A deal?

What happens if you breach a representation and warranty?

How do you fill out a sales and purchase agreement?

What happens when a representation is breached?

What should be included in a purchase agreement?

What are representations and warranties in a purchase agreement?

Who prepares a sales and purchase agreement?

How many remedies are there for breach of contract?

Interesting Questions

What is Tarrant Additional Purchaser Representations And Warranties?

Why are Additional Purchaser Representations And Warranties important?

What are the main types of representations made by the purchaser?

What are some common purchaser warranties?

What happens if the purchaser breaches a representation or warranty?

Can representations and warranties be negotiated?

More info

Trusted and secure by over 3 million people of the world’s leading companies