Custom House Sales Agreement

Custom House Sales Agreement

This Custom House Sales Agreement (the Agreement) is entered into by and between Seller Name: and Buyer Name: . Effective Date: .

RECITALS

WHEREAS, Seller is the lawful owner of the real property and improvements commonly known as Property Address: (the Property);

WHEREAS, Seller desires to sell and Buyer desires to purchase the Property on the terms and conditions set forth in this Agreement;

WHEREAS, the parties intend for this Agreement to set forth the complete agreement between them concerning the sale and purchase of the Property.

SCOPE OF SALE

The sale includes all fixtures, appliances, built-in items, and custom work specifically listed in the Description of Property above. Items not expressly listed remain the property of Seller unless otherwise agreed in writing.

PAYMENT TERMS

Deposit Due Date:

Late Payment Fee: If any payment required under this Agreement is not received by the date due, the delinquent amount shall accrue interest at the rate of or such lesser maximum rate permitted by law.

TITLE, CLOSING, AND INSPECTION

Closing Date: .

Seller shall convey marketable title by general warranty deed (or other instrument customarily used in the jurisdiction) free of liens and encumbrances except those disclosed in writing.

Buyer shall have the stated number of days from Effective Date to complete all inspections and investigations. If Buyer notifies Seller in writing of defects within that period, the parties shall negotiate in good faith to cure or address the defects prior to Closing.

TERM AND TERMINATION

This Agreement commences on the Effective Date referenced above and shall terminate upon Closing and full performance of the obligations described herein, unless earlier terminated in accordance with this Section.

Either party may terminate this Agreement if the other party materially breaches an obligation and fails to cure such breach within days after written notice. Termination under this provision shall be without prejudice to any party's right to seek damages for prior breach.

CONFIDENTIALITY

Each party shall keep confidential all nonpublic business or financial information received from the other party in connection with this Agreement and shall not disclose such information to any third party except (a) as required by law, (b) to its legal or financial advisors on a confidential basis, or (c) with the prior written consent of the disclosing party. This obligation shall survive termination or closing for a period of five (5) years.

NOTICES

All notices required or permitted under this Agreement shall be in writing and delivered to the addresses provided above by hand, nationally recognized overnight courier, or certified mail, return receipt requested, and shall be effective upon receipt.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to conflict of law principles.

ENTIRE AGREEMENT

This Agreement, including all exhibits, schedules and written modifications signed by the parties, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, negotiations and understandings, whether written or oral. No amendment or waiver shall be effective unless in writing and signed by both parties.

MISCELLANEOUS

If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect. The parties acknowledge that they have had the opportunity to consult with counsel and that any ambiguity shall not be construed against the drafting party.

Remedies provided in this Agreement are cumulative and in addition to any other remedies available at law or in equity. The prevailing party in any dispute arising out of this Agreement shall be entitled to recover reasonable attorneys' fees and costs.

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