Most contracts have what appear to be standard provisions or clauses that are often referred to as a “boilerplate.” Often, these “boilerplates” can be problematic for several reasons: Parties to the contact (and sometimes even attorneys) may gloss over these sections as being almost irrelevant to the agreement. One party or another might incorrectly assume
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Write This Down: Contract Provision Put on Paper Pays Off—Even 3 Years Later
In order to convince their buyers to purchase a water front home site on Lake Nickajack, the listing agents told them would buy the lot back if the buyers ever wanted to sell it. The buyers said they would agree if the agents “would put it in writing” and negotiated a written contract provision that
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