Purchase Agreement @HackersFather66

PURCHASE AGREEMENT
This PURCHASE AGREEMENT (the "Agreement") is made and entered into on (the "Effective Date") by and between (the
"Seller") and (the "Buyer"). Buyer and Seller may be referred to individually as the "Party", or collectively, the "Parties".
RECITALS
WHEREAS, Seller desires to sell certain property to Buyer in an "as is" condition; and
WHEREAS, Buyer desires to purchase certain property from Seller in an "as is" condition.
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements set forth herein and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby
agree as follows:
TERMS
1. PROPERTY
Seller agrees to sell, convey, assign, and transfer to Buyer, and Buyer agrees to purchase from Seller, the following property
(the "Property"):
It is located at , , . The sale, conveyance, assignment, and transfer of said Property shall become effective as of the Effective
Date of this Agreement.
2. "AS IS" CONDITION

Seller agrees to sell, convey, assign, and transfer to Buyer, on an "AS-IS" basis, and makes no warranties, either expressed
or implied, unless otherwise stated herein, and Buyer agrees to purchase from Seller, on an "AS-IS" basis the Property
described herein. The sale, conveyance, assignment, and transfer of said Property shall become effective as of the date set
forth above, and the Seller shall deliver said Property to Buyer in "AS-IS" condition.
3. PURCHASE PRICE
Buyer shall purchase the Property from Seller for the total sum of .
4. LIMITATION OF DAMAGES
IN NO EVENT SHALL EITHER PARTY BE LIABLE HEREUNDER TO THE OTHER PARTY FOR ANY PUNITIVE,
RELIANCE, INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES (INCLUDING LOST REVENUE, LOST
PROFITS, OR LOST SAVINGS) HOWEVER CAUSED AND UNDER ANY THEORY, EVEN IF IT HAS NOTICE OF THE
POSSIBILITY OF SUCH DAMAGES. .
5. FORCE MAJEURE
Neither Party shall be in default nor liable to the other for any failure to perform directly caused by events beyond that Party's
reasonable control, such as acts of nature, labor strikes, war, insurrections, riots, acts of governments, embargoes and
unusually severe weather, provided the affected Party notifies the other party within ten (10) days of the occurrence. Such an
event is an excusable delay. THE PARTY AFFECTED BY AN EXCUSABLE DELAY SHALL TAKE ALL REASONABLE
STEPS TO PERFORM DESPITE THE DELAY.
6. AMENDMENTS
This Agreement may only be changed or supplemented by a written amendment, signed by authorized representatives of
each Party and executed with the same degree of formality as this Agreement.
7. ASSIGNMENT
Neither Party may assign its rights or delegate its obligations under this Agreement without the prior written approval of the
other Party. Any attempted assignment or delegation without such an approval shall be deemed null and void.
8. GOVERNING LAW; CHOICE OF FORUM
8.1 To the extent not preempted by federal law, the provisions of this Agreement shall be construed and enforced
in accordance with the laws of the State of , notwithstanding any choice-of-law or conflicts-of-law principles to the
contrary.
8.2 The Parties agree that any legal action relating to this Agreement shall be commenced and maintained
exclusively before any appropriate state court of record in the State of .
9. SEVERABILITY
In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this
Agreement, and this Agreement shall be construed as if such invalid or illegal or unenforceable provision had never been
contained herein. Upon such determination that any term or other provision is invalid, illegal or unenforceable, the court or
other tribunal making such determination is authorized and instructed to modify this Agreement so as to effect the original
intent of the parties as closely as possible so that the transaction contemplated herein is consummated as originally
contemplated to the fullest extent possible.
10. EFFECT OF TITLE AND HEADINGS

The title of the Agreement and the headings of its Sections are included for convenience only and shall not affect the meaning
of the Agreement or the Section.
11. WAIVER
Failure of either Party to insist upon strict compliance with any term herein or failure by either Party to act in the event of a
breach or default shall not be construed as a consent to or waiver of that breach or default or of any subsequent breach or
default of the same or any other term contained herein.
12. ENTIRE AGREEMENT

This Agreement is the complete statement of the Parties' agreement and supersedes all previous and contemporaneous
written and oral communication about its subject.
13. COUNTERPARTS
This Agreement may be executed in one or more counterparts, each of which will be deemed an original but all of which
together will constitute one and the same document.
14. AUTHORITY
The Parties represent that they have full capacity and authority to grant all rights and assume all obligations they have
granted and assumed under this Agreement.
15. ATTORNEYS FEES

If any legal proceeding is brought for the enforcement of this Agreement, or because of an alleged breach, default or
misrepresentation in connection with any provision of this Agreement or other dispute concerning this Agreement, the
successful or prevailing party shall be entitled to recover reasonable attorney's fees incurred in connection with such legal
proceeding. The term "prevailing party" shall mean the Party that is entitled to recover its costs in the proceeding under
applicable law, or the party designated as such by the court.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the date first written above.
___________________________________________ ___________________________
(Authorized Seller(s) Signature) (Date Signed)
__________________________________________ ______________________________
(Buyer(s) Signature) (Date Signed)
NOTE: I think we should add a separate page at the end with a note that this type of Purchase Agreement is not legally
binding for the sale of real estate. We have similar language in the BILL OF SALE template.

Purchase Agreement @HackersFather66

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PURCHASE AGREEMENT

2. "AS IS" CONDITION

8. GOVERNING LAW; CHOICE OF FORUM

10. EFFECT OF TITLE AND HEADINGS

12. ENTIRE AGREEMENT

15. ATTORNEYS FEES

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