Contracts need to be detailed, with nothing left to chance, so that the legal meaning is clear and that neither buyer nor seller can take unfair advantage of contingency clauses. Typical contingency or escape clauses include the following. The buyer's ability to obtain financing. A particular type of loan at a certain interest rate is sometimes included. It's good to have an attorney involved from the start.
Attorneys provide independent advice and counsel to the parties and smooth any potential disputes.
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