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Loại văn bản
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Contract forms in English
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Mục đích sử dụng
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Đặc thù
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Ngôn ngữ sử dụng
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Tiếng Anh
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Chủ thể
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Hai bên: Tổ chức - Tổ chức
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Số lượng trang
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40
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Thuộc tính
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Form mẫu chung
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Sealaw đánh giá
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Mẫu biểu cơ quan nhà nước phát hành, hướng dẫn
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Ngày cập nhật
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5/6/2017 9:56:16 PM
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Loại tệp tin
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Phí
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10.000 VNĐ
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Lượt tài về
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0
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Giới thiệu văn bản:
This Purchase and Sale Agreement (this “Agreement”) is made and entered into as of the _____ day of _______________, 20___ (the “Effective Date”) by and between the _______________ of Salt Lake City, a public body (“Agency”), and _______________, a Utah limited liability company (“Developer”). The Agency and the Developer are sometimes collectively referred to herein as the “Parties” or individually as a “Party.”
The Agency owns certain property located _______________, Salt Lake City, Utah (as more particularly defined below, the “Property”); and the Developer is interested in purchasing the Property for the purpose of constructing certain improvements thereon (as more particularly defined below, the “Developer Improvements”), and the Agency is willing to sell the Property to the Developer for such purpose, on the terms and conditions contained herein;
TRÍCH DẪN VĂN BẢN:
Agreement of Purchase and Sale
Sale of the Property. In consideration of and subject to the terms and conditions contained herein, the Agency hereby agrees to sell the Property to the Developer and the Developer hereby agrees to purchase the Property from the Agency.
Purchase Price. The Purchase Price to be paid by the Developer to the Agency for the Property is the sum of ______________________________ Dollars ($_____________), payable as provided in Section 6. The Purchase Price shall be net to the Agency, it being understood that Developer shall have no right or remedy of offset, abatement, or deduction against the Purchase Price for any reason, including, but not limited to, any reason arising out of any facts or circumstances regarding the Property, whether discovered in connection with Developer’s investigation and inspection of the Property or otherwise. The Developer acknowledges and agrees that it shall not be entitled to any payment of any tax increment created by the Developer Improvements or to any other reimbursement of any costs of completion of the Developer Improvements.
Earnest Money. Upon the execution of this Agreement, the Developer shall deposit with the Title Company as earnest money (the “Earnest Money”) the sum of ________________ Dollars ($___________). The Title Company shall place the Earnest Money in an interest bearing account. At the Closing, the Earnest Money and all interest thereon shall be credited to the Purchase Price.
Title. The Developer is purchasing the Property from the Agency subject to the Permitted Exceptions, and the Developer hereby approves the Title Commitment and the Permitted Exceptions.
Inspection. The Developer shall have the opportunity to fully inspect the Property and approve the condition of the Property in all respects in the Developer’s sole discretion. For the purposes set forth in this Section, the Agency hereby grants the Developer a license to inspect the Property at reasonable times agreeable to the Agency. The Developer shall exercise its license in such a manner as to protect itself, the Agency and third parties, its and their employees, representatives and invitees from accidents and injury, exposure to Hazardous Material and hazardous conditions. The Developer shall be solely respon¬sible for the acts and omissions of its employees and other persons entering the Property in connection with the license and for initiating, maintaining and supervising all appropriate safety precautions in connection with its exercise of the license, and following its inspection, the Developer shall promptly restore the Property to its prior condition. To the fullest extent permitted by law, the Developer shall release, indemnify, defend and hold harmless the Covered Parties from any cost, expense, damage, liability or claim arising out of or in connection with the exercise by the Developer of the rights conferred under, or a violation of the provisions of this Section, whether or nor such cost, expense, damage, liability or claim results from (i) property damage or injury to person, or (ii) the negligence or omission to act of the Covered Parties. If the Developer desires to have the Property inspected for the presence of Hazardous Material, it shall first inform the Agency in writing of such desire. Thereafter, the Parties shall meet to discuss how and when such inspection shall be undertaken.
Construction of the Developer Improvements. In the event of a Closing, and in accordance with the terms of the Development Agreement, the Developer agrees to commence the construction of the Developer Improvements within three (3) business days after the Closing Date and to complete the Developer Improvements no later than the date specified for completion in the Schedule of Development.
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