Common use of Asbestos Disclaimer Clause in Contracts

Asbestos Disclaimer. (not applicable, vacant land) The Seller and Buyer acknowledge that the premises may contain levels of asbestos prohibited by Massachusetts law and regulations. In consideration of the Buyer’s right of inspection and election to terminate pursuant to the Inspection Contingency paragraph herein, the Buyer releases the Seller from any claim for injury to person or property caused by asbestos as provided herein, and agrees to release and/or indemnify the Seller from any cost or expense of removal of any asbestos, should the need be necessary.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Surplus Land

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Asbestos Disclaimer. (not applicable, vacant land) The Seller and Buyer acknowledge that the premises may contain levels of asbestos prohibited by Massachusetts law and regulations. In consideration of the Buyer’s right of inspection and election to terminate pursuant to the Inspection Contingency paragraph herein, the Buyer releases the Seller from any claim for injury to person or property caused by asbestos as provided herein, and agrees to release and/or indemnify the Seller from any cost or expense of removal of any asbestos, should the need be necessary.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

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