# Buy-Sell Agreement
**This Buy-Sell Agreement ("Agreement") is made as of [Date] by and between the following parties:**
1. **Seller:**
Name: [Seller's Full Name]
Address: [Seller's Address]
Phone: [Seller's Phone Number]
Email: [Seller's Email Address]
2. **Buyer:**
Name: [Buyer's Full Name]
Address: [Buyer's Address]
Phone: [Buyer's Phone Number]
Email: [Buyer's Email Address]
**RECITALS**
WHEREAS, the Seller is the lawful owner of the following described property ("Property"):
- Description of Property: [Description of the Property]
WHEREAS, the Seller wishes to sell and the Buyer wishes to purchase the Property under the terms set forth in this Agreement.
**NOW, THEREFORE, in consideration of the mutual covenants and conditions contained herein, the parties agree as follows:**
## 1. Purchase Price
The total purchase price for the Property shall be [Amount in Words] ($[Amount in Numbers]) payable as follows:
- Initial deposit: [Amount] due upon execution of this Agreement.
- Balance: [Amount] due on or before the closing date.
## 2. Closing
Closing of the sale ("Closing") will take place on or before [Closing Date]. The location of Closing shall be at [Closing Location] or at another mutually agreed upon location.
## 3. Conditions Precedent
The Buyer’s obligation to complete the purchase is contingent upon the following:
- The Seller providing a clear title to the Property.
- The Buyer receiving a satisfactory inspection report of the Property within [Number] days of this Agreement.
## 4. Representations and Warranties
### 4.1 Seller's Representations
The Seller represents and warrants that:
- The Seller has full right, power, and authority to sell the Property.
- The Property is being sold free and clear of any liens, claims, or encumbrances, except as disclosed to the Buyer.
### 4.2 Buyer's Representations
The Buyer represents and warrants that:
- The Buyer has the financial capacity to complete the purchase of the Property.
- The Buyer has conducted their own due diligence regarding the Property.
## 5. Default
- If the Buyer fails to perform their obligations under this Agreement, the Seller may retain the deposit as liquidated damages.
- If the Seller fails to perform their obligations under this Agreement, the Buyer may recover the deposit and seek specific performance.
## 6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
## 7. Miscellaneous
- This Agreement constitutes the entire understanding between the parties regarding the subject matter herein and supersedes all prior negotiations and agreements.
- This Agreement may not be amended or modified except in writing signed by both parties.
- If any provision of this Agreement is found to be unenforceable, the remaining provisions shall remain in full force and effect.
**IN WITNESS WHEREOF, the parties hereto have executed this Buy-Sell Agreement as of the date first above written.**
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**Seller's Signature:** __________________________
**Date:** [Date]
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**Buyer's Signature:** __________________________
**Date:** [Date]
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**Note:** It is advised to consult with a legal professional to ensure that all laws applicable in your jurisdiction are complied with and that the Agreement is suitable for your specific circumstances.