Common Contracts
1 similar Pre-Contract Agreement contracts
Pre-contract agreement in property deals in ChinaPre-Contract Agreement • January 4th, 2023
Deals of selling or buying properties in China involve similar procedures under China property laws. A typical deal often starts from the execution of three-party deposit agreement under which realtor, buyer and seller agree on certain terms of the deal. Under this three-party agreement, the buyer often pays a certain money as deposit (for understanding of “deposit”, please click here) for purpose of binding the seller to the deal. An indispensable clause in this agreement is one requiring both seller and buyer to sign the formal property sale and purchase contract within certain number of days.
