Common use of Duties of Parties Clause in Contracts

Duties of Parties. Seller(s) and Buyer(s) acknowledge that the Seller(s) of real property has a legal duty to disclose MATERIAL DEFECTS of which the Seller(s) have actual knowledge and which a reasonable inspection by the Buyer(s) would not reveal.

Appears in 4 contracts

Samples: For Sale by Owner Purchase Agreement, For Sale by Owner Purchase Agreement, For Sale by Owner Purchase Agreement

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Duties of Parties. Seller(s) SELLERS and Buyer(sBUYER(S) acknowledge that the Seller(s) SELLERS of real property has have a legal duty to disclose MATERIAL DEFECTS of which the Seller(s) SELLERS have actual knowledge and which a reasonable inspection by the Buyer(sBUYER(S) would not reveal.

Appears in 1 contract

Samples: Purchase Agreement

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