How a Consumer Hired a Lawyer to Draft a Joint Purchase Agreement in Tennessee

In 2023, a personal investor in Tennessee sought assistance with drafting a joint purchase agreement for a potential mobile home park development. The client identified 14 acres of land and intended to partner with the landowners, proposing a 50/50 split of both the land and profits. As someone new to joint ventures of this nature, the client needed a comprehensive proposal detailing the agreement's terms and covering all essential elements typically included in such contracts. As a result, the client received two proposals from licensed attorneys, with flat fee bids ranging from $1,200 to $3,000, all of which were submitted to meet the requested deadline of one week.