Common use of Stand Still Clause in Contracts

Stand Still. Seller shall not initiate or carry on negotiations for the sale of the Real Estate with any party other than Buyer unless either (1) Buyer and Seller fail to enter into a binding Purchase Agreement by 72 HOURS from the time of acceptance of this agreement, or (2) Buyer and Seller agree in writing to abandon this Letter of Intent.

Appears in 3 contracts

Samples: Letter of Intent to Purchase Real Estate, Letter of Intent to Purchase Real Estate, Letter of Intent to Purchase Real Estate

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Stand Still. Seller shall not initiate or carry on negotiations for the sale of the Real Estate with any party other than Buyer unless either (1) Buyer and Seller fail to enter into a binding Purchase Agreement by 72 HOURS from the time of acceptance of this agreementFebruary 09, 2021, or (2) Buyer and Seller agree in writing to abandon this Letter of Intent.

Appears in 1 contract

Samples: Purchase Agreement

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