REPURCHASE ADDENDUM TO CONTRACT Sample Clauses

A Repurchase Addendum to Contract is a supplementary agreement that outlines the terms under which a seller may buy back property or assets previously sold to the buyer. This clause typically specifies the conditions, timeframes, and pricing mechanisms for the repurchase, such as allowing the seller to reacquire the property if certain events occur or if the buyer defaults on obligations. Its core practical function is to provide both parties with a clear, pre-agreed process for reversing the original transaction, thereby managing risk and offering flexibility in changing circumstances.