Common use of RECORDAL Clause in Contracts

RECORDAL. The PARTIES to this Agreement expressly acknowledge and agree that: 3.1. The PROPERTY was sold to the PURCHASER by the AUCTIONEER on behalf of the SELLER by public auction as advertised through the auction marketing campaign conducted by the AUCTIONEER; 3.2. The PARTIES negotiated this Agreement out of their own will and have not acted under any duress or compulsions, whether legal, economic or otherwise; 3.3. The PURCHASER has been encouraged to seek professional and/or legal representation regarding the inspection, examination and valuation of the PROPERTY and the interpretation and understanding of this Agreement; 3.4. The provisions of this Agreement have been expressly agreed to and were taken into consideration in determining the price offered and accepted; 3.5. The PURCHASER was expressly advised by the AUCTIONEER about the auction method prior to bidding, more specifically that the PURCHASER would be bound by this Agreement and the Rules of Auction if declared the highest bidder and that the PURCHASER should choose NOT TO BID IF THE PURCHASER HAD NOT READ AND AGREED TO BE BOUND BY THIS AGREEMENT AND THE RULES OF AUCTION; 3.6. The AUCTIONEER is the sole agent for this transaction and represents the SELLER exclusively and shall be paid a fee by the SELLER in terms of a separate agreement entered into between the SELLER and the AUCTIONEER.

RECORDAL. The PARTIES to this Agreement expressly acknowledge and agree that: 3.1. The PROPERTY was sold to the PURCHASER by the AUCTIONEER on behalf of the SELLER by public auction as advertised through on the auction marketing campaign conducted by the AUCTIONEER;day of 20 . 3.2. The PARTIES They negotiated this Agreement out of their own will and have not acted under any duress or compulsions, whether legal, economic or otherwise; 3.3. The PURCHASER has been encouraged to seek professional and/or legal representation regarding the inspection, examination and valuation of the PROPERTY and the interpretation and understanding of this Agreement; 3.4. The provisions of this Agreement have been expressly agreed to and were taken into consideration in determining the price offered and accepted; 3.5. The PURCHASER was expressly advised by the AUCTIONEER about the auction method prior to bidding, more specifically that the PURCHASER would be bound by this Agreement and the Rules of Auction if declared the highest bidder and that the PURCHASER should choose NOT TO BID IF THE PURCHASER HAD NOT READ AND AGREED TO BE BOUND BY THIS AGREEMENT AND THE RULES OF AUCTION; 3.6. The AUCTIONEER is the sole agent for this transaction and represents the SELLER exclusively and shall be paid a fee by the SELLER in terms of a separate agreement entered into between the SELLER and the AUCTIONEER.