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The first step that makes a sale binding is the execution of the purchase and sale agreement by both parties. You will then be bound by the terms of that agreement. Many people wait until they have signed the P&S before they retain an attorney to represent them in the purchase. However, an attorney should review the agreement before you sign.
Wiki User
∙ 15y ago
Wiki User
∙ 9y agoA house sale is legally binding once the paperwork has been signed by all parties involved. For most, this means a 30 year obligation to make monthly payments on the home.
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Is a sealed bid legally binding?
Sealed or not, if the bid was offered and it was accepted, yes, it is legally binding.
Do arbitrators render legally binding decisions?
yes, If the parties involved agree that the decision made will be legally binding
Is mediation legally binding?
mediation can be binding if a representative is used if not then its not binding snzbeyueen
What makes a legal binding document?
A document is legally binding if it has been notarized by a licensed notary. It is also legally binding if it has been filed in court.
Are policies legally binding?
no they are not
Can you buy a house aged seventeen?
No you can not buy a house at the age of seventeen because you have to sign a contract and a contract is not legally binding until the age of eighteen.
what are Difference between a contract and an agreement?
a contract is LEGALLY BINDING, an agreement is not necessarily legally binding depending on the circumstances
What the meaning of absolute deed of sale?
The definition of a deed of absolute sale is an agreement between a seller and a purchaser legalizing the purchase of property. It can be done in writing and it legally binding.
Can a 12 year old make a legally binding contract?
Yes, a 12 year old can form a legally binding contract.
Is a legally-binding agreement between two or more parties.?
A contract is a legally binding agreement between two or more parties.
What is a bill of sale and what kind of purchase does it normally apply to?
A bill of sale is a document that is originated by a "seller" to a buyer and is considered a legally binding document. Bill of sales normally apply to any sale that is personal property, or parcel of real, or actually property that the seller owns.
What is considered a legally binding document?
A legally binding document is one whose terms can be enforced by a court of law. An example is a marriage certificate and a contract.
