Legal Contracts Software Generator - Legal Contract Agreement Template for Stambovsky V. Ackley

# Contract Agreement **This Contract Agreement ("Agreement") is made and entered into as of [Date], by and between:** **[Party A Name]** [Party A Address] [City, State, Zip Code] (Hereinafter referred to as "Seller") **AND** **[Party B Name]** [Party B Address] [City, State, Zip Code] (Hereinafter referred to as "Buyer") **WHEREAS**, the Seller is the owner of the property located at [Property Address] (the "Property"). **AND WHEREAS**, the Buyer wishes to purchase the Property from the Seller, and the Seller is willing to sell the Property to the Buyer under specific terms and conditions; **NOW, THEREFORE**, in consideration of the mutual covenants and agreements set forth herein, the parties agree as follows: ## 1. Purchase Price The total purchase price for the Property shall be [Amount in Currency] (the "Purchase Price"). The Buyer shall pay the Purchase Price to the Seller as follows: - A deposit of [Deposit Amount] due upon signing this Agreement. - The remaining balance of [Remaining Amount], due at closing. ## 2. Closing The closing of the sale of the Property (the "Closing") shall occur on or before [Closing Date] at a time and place mutually agreeable to both parties. ## 3. Condition of Property The Buyer acknowledges that they have conducted a thorough inspection of the Property and accepts it in its current condition, "as is." The Seller makes no representations or warranties regarding the condition of the Property, except as otherwise set forth in this Agreement. ## 4. Disclosures The Seller shall disclose to the Buyer if the Property is known to be haunted, or if any other facts exist that may materially affect the Buyer's decision to purchase the Property. This acknowledgment of such conditions shall be included as part of the disclosures provided to the Buyer. ## 5. Title Insurance At or prior to Closing, the Seller agrees to provide the Buyer with a title insurance policy insuring the Buyer's title to the Property, subject only to those exceptions acceptable to the Buyer. ## 6. Indemnification The Seller agrees to indemnify and hold harmless the Buyer from any claims, losses, damages, and expenses resulting from any misrepresentation made by the Seller in this Agreement or in connection with the sale of the Property. ## 7. Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of [State]. ## 8. Amendments This Agreement may not be amended or modified except in writing signed by both parties. ## 9. Entire Agreement This Agreement represents the entire understanding between the parties and supersedes all prior agreements and understandings, whether written or oral, regarding the subject matter herein. ## 10. Signatures IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. **[Party A Name – Seller]** Signature: ____________________________ Date: ________________________________ **[Party B Name – Buyer]** Signature: ____________________________ Date: ________________________________ --- *End of Agreement*