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Blanket Purchase Agreement No NRC HQ 12 a 10 0014  Form

Blanket Purchase Agreement No NRC HQ 12 a 10 0014 Form

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Instructions and help about Blanket Purchase Agreement No NRC HQ 12 A 10 0014

[Applause] carnelli i'm the association's attorney and we're going to talk today about a topic that i believe is one of the most complicated parts of the purchase agreement and that is the contingency for the sale of either the buyer's property or a finding by the seller of replacement properties so first question what is a contingency again there's about nine contingencies that could exist in the purchase agreement standard RP a purchase agreement a contingency is actually a condition precedent to the parties obligation to perform so if I have a contingency to sell my house but if I have an obligation to close escrow on the house that I'm buying and I cannot meet that contingency or any of the other contingencies I will not have defaulted on the transaction because my obligation to perform that particular requirement of the contract has not been met and I am therefore going to be entitled to get my deposit back if the seller doesn&#3

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