Common use of Buyer’s Acknowledgement Clause in Contracts

Buyer’s Acknowledgement. The Buyer acknowledges that: (a) the Land is part of the Estate and as such is subject to the Covenants; and (b) the Buyer is bound by the Covenants and is solely responsible for all costs incurred by the Seller in the enforcement or attempted enforcement of the Covenants. The Buyer will be subject to legal action for rectification costs, damages, legal costs (on a full indemnity basis), and other liability for any breach of the Covenants.

Buyer’s Acknowledgement. The Buyer acknowledges that: (ai) the Land is part of the Estate and as such is subject to the Covenants; and (bii) the Buyer is bound by the Covenants and is solely responsible for all costs incurred by the Seller in the enforcement or attempted enforcement of the Covenants. The Buyer will be subject to legal action for rectification costs, damages, legal costs (on a full indemnity basis), and other liability for any breach of the Covenants.