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Recent Answers to Agreement Of Purchase And Sale Law Questions

Should I use a lawyer in state or out-of-state?

View Daniel R.
5.0 (155)

Real Estate

Agreement Of Purchase And Sale

Arkansas

I am selling a piece of land in Jacksonville, AR. I need a lawyer to help me to review the contract for me. Should I use a lawyer in Arkansas or it does not matter if I use a lawyer in another state?

Daniel R.

Answered Jan 31, 2023

For Acquisition of land I would recommend local. That is a localized practice area. Something like Delaware Corporate different thing in my opinion.

could the owner finance seller still be able to change the maturity date payment term of the contract post signature.

2.8 (8)

Contracts

Agreement Of Purchase And Sale

Texas

I sold my mortgage home by owner finance in 2016. It has 15 year maturity date term.

Domonick G.

Answered Sep 27, 2022

Depends. It must be in writing unless specified in the agreement otherwise. Further, do both party mutually agree or does the original contract all for a unilateral change, per its terms.

could the owner finance seller still be able to change the maturity date payment term of the contract post signature.

View Max N.
5.0 (6)

Contracts

Agreement Of Purchase And Sale

Texas

I sold my mortgage home by owner finance in 2016. It has 15 year maturity date term.

Max N.

Answered Sep 27, 2022

Hello! Just to be clear, I am not licensed to practice in Texas, but I am a licensed attorney in Oklahoma. I have seen this question be unanswered for a while, so I thought I'd respond. Typically, once the parties have both agreed (by writing and signing) terms of a contract, including a maturity date for payment, the maturity date can only be changed by all parties in another signed writing. That means that one party (such as the owner finance seller) should not be able to change the payment terms of an agreement without your express approval. Hope that helps!

Any Business Law attorney available here?

View Michael K.
5.0 (80)

Construction

Agreement Of Purchase And Sale

Florida

Good day, I am currently in need of an attorney to handle purchase agreement of construction equipment. Let me Know if you can be of great assistance? Best Regards, Jake Williams.

Michael K.

Answered Mar 4, 2022

Hello Jake, I'm a transactional and corporate lawyer working in-house counsel for a company with 13 entitles and thus, I have to constantly draft, review, amend and negotiate commercial transactions and contracts on a weekly basis. As a result of this work, I have a great understanding of what clauses are needed within a contract to protect an entity/person and what clauses are needed to ensure the contract is covering all probable scenarios that may arise of the contract, such as, lack of payment or breach of contract. Maybe I can assist you with your purchase agreement. Feel free to text or call me at (305) 510-2722 or email mjosephkelly@gmail.com Best regards, -Michael J. Kelly, Esq.

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