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You are not obligated to complete the deal until they are signed. However, depending on whatever prior agreement you may have, any deposit may be lost as well as goodwill.

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Q: If a final sales agreement and loan papers have not been signed is the deal still an obligation to purchase?
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What legal papers other than the purchase and sale agreement should be signed between 2 or more parties wishing to buy an investment property together?

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Can you back out of a joint vehicle purchase and sale contract if only one person has signed?

Yes. Until you sign the papers, you have no obligation.


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If you did not sign anything, yes. If you have signed some papers, depending on what they are, probably not. If you have signed the agreement to purchase, possibly. Ask the selling dealer to let you out of the agreement to purchase.


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Can a purchase agreement be signed first by the seller ....Is this binding?

Yes, a seller can sign the agreement first, but it is not binding until all parties have signed and the signed copies have been delivered.


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When is a house sale legally binding?

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