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A purchase and sale agreement ( PSA ), also called a sales and purchase agreement ( SPA) [1] or an agreement for purchase and sale ( APS ), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets. The person, company, or other legal entity acquiring, receiving, and purchasing the property, stock ...
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g. in the case of conveyance one party being the seller (s) and the other being the buyer (s). It can often be quite complicated due to the complexity of the property rights being transferred ...
This time, usually just a few days, gives either party the chance to back out of the contract if their lawyer notices a problem. Coming to a mutual agreement: In some cases, simply asking the ...
Acceleration is defined in law as a shortening of the time period in which something is to take place. [1] The concept of acceleration most often arises within the context of contract law. An acceleration clause, also known as an acceleration covenant, may be included within a contract, so as to fully mature the performance due from a party ...
Josh Jenke, Peoria Journal Star. May 19, 2024 at 5:09 AM. These real estate transactions, recorded the week of May 6, are compiled from information on file with Peoria, Tazewell and Woodford ...
v. t. e. In commercial law, a principal is a person, legal or natural, who authorizes an agent to act to create one or more legal relationships with a third party. This branch of law is called agency and relies on the common law proposition qui facit per alium, facit per se (from Latin: "he who acts through another, acts personally").
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