Business Contracts
Purchase And Sale Agreement
New Jersey
Who writes the purchase and sale agreement?
We are looking to buy a home in New Jersey and our relator has discussed using a template for a purchase and sale agreement. Should we hire a lawyer to handle this? I'm not sure what this template is and I'm a bit uncomfortable with the idea of using a template since I'm not sure if it protects our best interest in the purchase.
1 Attorney answer
Answer
Business Contracts
New Jersey
Donya G.
ContractsCounsel verified
Whoever drafts the PSA, will draft it to their benefit. This is the reason that buyers, not sellers, will tend to draft the document as the seller is leaving the business and the buyer is gaining the business. Buyers therefore, tend to benefit from the draft of the agreement as they outline the things they will need to feel comfortable enough to proceed with the sale. I have extensive experience with PSA agreements. If you need drafting or reviewing assistance, you can contact me through the website or directly to my profile page at Donya Gordon Donya Gordon