Common use of LEGAL AND TAX IMPLICATIONS Clause in Contracts

LEGAL AND TAX IMPLICATIONS. This Agreement affects your legal rights and obligations and 124 will have tax implications, Agents are not permitted to give legal or tax advice. If you have any questions 125 regarding this Agreement and the addendums, attachments or other related documents you should consult an 126 attorney or tax advisor. Further if a dispute arises regarding this transaction, the prevailing party(ies) (i.e., Buyer, 127 Seller or Broker) shall recover costs and reasonable attorney’s fees, including those for appeals. 128 129 In the event Buyer fails, without legal excuse, to complete the purchase of the property, the xxxxxxx money 130 deposit made by the Buyer shall be forfeited to the Seller as the sole and exclusive remedy available to the Seller 131 for such failure. Furthermore, if the xxxxxxx money deposited exceeds five percent (5%) of the sale price, Seller 132 may retain as liquidated damages and, as Seller’s sole remedy, xxxxxxx money equaling only five percent (5%) of 133 the purchase price; any additional xxxxxxx money shall be refunded to Buyer. 134 135 19. EMAIL or FACSIMILE TRANSMISSION: Emailed or facsimile transmissions of any signed original 136 document and re-transmission of any signed transmission shall be the same as transmission of any original. At 137 the request of either party or closing agent, the parties will confirm emailed or facsimile transmitted signatures by 138 signing the original document. 139

LEGAL AND TAX IMPLICATIONS. This Agreement affects your legal rights and obligations 141 and 124 will have tax implications, Agents are not permitted to give legal or tax advice. If you have any 142 questions 125 regarding this Agreement and the addendums, attachments or other related documents you should 143 consult an 126 attorney or tax advisor. Further if a dispute arises regarding this transaction, the prevailing 144 party(ies) (i.e., Buyer, 127 Seller or Broker) shall recover costs and reasonable attorney’s fees, including those 145 for appeals. 128 129 146 147 In the event Buyer fails, without legal excuse, to complete the purchase of the property, the xxxxxxx money 130 148 deposit made by the Buyer shall be forfeited to the Seller as the sole and exclusive remedy available to the 149 Seller 131 for such failure. Furthermore, if the xxxxxxx money deposited exceeds five percent (5%) of the sale 150 price, Seller 132 may retain as liquidated damages and, as Seller’s sole remedy, xxxxxxx money equaling only five 151 percent (5%) of 133 the purchase price; any additional xxxxxxx money shall be refunded to Buyer. 134 135 19152 22. EMAIL or FACSIMILE TRANSMISSION: Emailed or facsimile transmissions of any signed 153 original 136 document and re-transmission of any signed transmission shall be the same as transmission of any 154 original. At 137 the request of either party or closing agent, the parties will confirm emailed or facsimile 155 transmitted signatures by 138 signing the original document. 139156

LEGAL AND TAX IMPLICATIONS. This Agreement affects your legal rights and obligations 153 and 124 will have tax implications, . Agents are not permitted to give legal or tax advice. If you have any 154 questions 125 regarding this Agreement and the addendums, attachments or other related documents you should 155 consult an 126 attorney or tax advisor. Further if a dispute arises regarding this transaction, the prevailing 156 party(ies) (i.e., Buyer, 127 Seller or Broker) shall recover costs and reasonable attorney’s fees, including those 157 for appeals. 128 129 158 159 In the event Buyer fails, without legal excuse, to complete the purchase of the property, the xxxxxxx money 130 160 deposit made by the Buyer shall be forfeited to the Seller as the sole and exclusive remedy available to the 161 Seller 131 for such failure. Furthermore, if the xxxxxxx money deposited exceeds five percent (5%) of the sale 162 price, Seller 132 may retain as liquidated damages and, as Seller’s sole remedy, xxxxxxx money equaling only five 163 percent (5%) of 133 the purchase price; any additional xxxxxxx money shall be refunded to Buyer. 134 135 19164 165 22. EMAIL or FACSIMILE TRANSMISSION: Emailed or facsimile transmissions of any signed 166 original 136 document and re-transmission of any signed transmission shall be the same as transmission of any 167 original. At 137 the request of either party or closing agent, the parties will confirm emailed or facsimile 168 transmitted signatures by 138 signing the original document. 139169

LEGAL AND TAX IMPLICATIONS. This Agreement affects your legal rights and obligations 142 and 124 will have tax implications, Agents are not permitted to give legal or tax advice. If you have any 143 questions 125 regarding this Agreement and the addendums, attachments or other related documents you should 144 consult an 126 attorney or tax advisor. Further if a dispute arises regarding this transaction, the prevailing 145 party(ies) (i.e., Buyer, 127 Seller or Broker) shall recover costs and reasonable attorney’s fees, including those 146 for appeals. 128 129 147 148 In the event Buyer fails, without legal excuse, to complete the purchase of the property, the xxxxxxx money 130 149 deposit made by the Buyer shall be forfeited to the Seller as the sole and exclusive remedy available to the 150 Seller 131 for such failure. Furthermore, if the xxxxxxx money deposited exceeds five percent (5%) of the sale 151 price, Seller 132 may retain as liquidated damages and, as Seller’s sole remedy, xxxxxxx money equaling only five 152 percent (5%) of 133 the purchase price; any additional xxxxxxx money shall be refunded to Buyer. 134 135 19153 154 22. EMAIL or FACSIMILE TRANSMISSION: Emailed or facsimile transmissions of any signed 155 original 136 document and re-transmission of any signed transmission shall be the same as transmission of any 156 original. At 137 the request of either party or closing agent, the parties will confirm emailed or facsimile 157 transmitted signatures by 138 signing the original document. 139158

LEGAL AND TAX IMPLICATIONS. This Agreement affects your legal rights and obligations and 124 121 will have tax implications, Agents are not permitted to give legal or tax advice. If you have any questions 125 122 regarding this Agreement and the addendums, attachments or other related documents you should consult an 126 123 attorney or tax advisor. Further if a dispute arises regarding this transaction, the prevailing party(ies) (i.e., Buyer, 127 124 Seller or Broker) shall recover costs and reasonable attorney’s fees, including those for appeals. 128 129 125 126 In the event Buyer fails, without legal excuse, to complete the purchase of the property, the xxxxxxx money 130 127 deposit made by the Buyer shall be forfeited to the Seller as the sole and exclusive remedy available to the Seller 131 128 for such failure. Furthermore, if the xxxxxxx money deposited exceeds five percent (5%) of the sale price, Seller 132 129 may retain as liquidated damages and, as Seller’s sole remedy, xxxxxxx money equaling only five percent (5%) of 133 130 the purchase price; any additional xxxxxxx money shall be refunded to Buyer. 134 135 19131 132 20. EMAIL or FACSIMILE TRANSMISSION: Emailed or facsimile transmissions of any signed original 136 133 document and re-transmission of any signed transmission shall be the same as transmission of any original. At 137 134 the request of either party or closing agent, the parties will confirm emailed or facsimile transmitted signatures by 138 135 signing the original document. 139136