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With regard to real estate, a contract of sale is a contract between a buyer who wishes to buy a house or other land and a seller who owns and wishes to sell that property. A real estate purchase contract is usually offered by a buyer and is subject to acceptance of the terms […]

Ambiguous definitions can be very difficult to use, so both sides can have costly consequences. You should be wary of false assumptions. It is therefore important to clarify the roles and responsibilities of each party in the treaty, in order to avoid long-term problems. The term “contract”, as used in the loan agreement, and […]