Common use of SETTLEMENT AND POSSESSION Clause in Contracts

SETTLEMENT AND POSSESSION. ‌ Subparagraph (A): Settlement Date is , or before if Buyer and Seller agree Always fill this in with a specific date; do not use “30 days after acceptance” or a similar term. When selecting a Settlement Date, the parties (and agents) should be careful to consult a calendar and avoid setting settlement for a weekend, holiday, or other day that may cause difficulties (such as a religious holiday or a family obligation).