AZREB.com | Real Estate Clauses
Feasibility Period
Buyer shall have a period of
________ days from the Opening of Escrow (the "Feasibility Period") in
which to conduct pre-marketing studies, engineering, environmental, feasibility
and/or land plan studies, inspections, investigations and reviews of the
Property, and review of information and documents as set forth in ________, and
Buyer and its employees, agents and/or independent contractors may come upon The
Property at any time during the Feasibility Period in connection with the
Buyer's review of The Property (provided that Buyer shall indemnify and hold
harmless Seller from and against any and all liability, responsibility or
damages incurred or sustained by Seller as a result of the actions of Buyer, its
employees, agents or independent contractors in connection therewith).
Prior to the expiration of the
Feasibility Period, the Buyer shall provide the Seller and the Escrow Agent with
written notice that either (i) The Property is acceptable and Buyer desires to
consummate the transaction contemplated hereby or (ii) The Property is not
acceptable and the Buyer desires to terminate this Agreement. (Buyer's election
to close the transaction contemplated with respect to The Property shall
constitute Buyer's election that The Property is acceptable.)
|
TERMS OF USE AND DISCLAIMER
The
information presented on this website is for informational purposes only as an aid to independent research and
preparation of materials when formulating contracts and does
not constitute legal advice. The information contained herein should
not be relied upon or used as a substitute for consultation with legal,
accounting, tax, career or other professional advisors or
services.
The user of
this website should also recognize that there are variances of local,
state and federal laws, case law (court decisions) and regulations that constantly change that could impact your situation.
AZREB.com and its sponsors and contributors provides its contents on an "as is" basis
and makes no representations or warranties of any kind
with respect to this website or its contents. AZREB.com disclaims
all such representations and warranties, whether express or implied,
including, but not limited to, the warranties of merchantability and
fitness for a particular purpose. In addition, AZREB.com does
not represent or warrant that the information accessible via this website is
accurate, complete or current.
© 2025 AZREB.com |
© 2025 Arizona Real Estate Business |
All rights reserved |
|
|