Free Land Sale and Purchase Agreement Template
Land Sale and Purchase Agreement
I. Agreement Overview
This Land Sale and Purchase Agreement ("Agreement") is made and entered into on this 2nd day of January, 2050, by and between [Your Company Name], located at [Your Company Address], and BrandVibe, a company incorporated under the laws of Wisconsin, with its principal office located at Milwaukee, WI 53202, represented by Dell Stokes (hereinafter referred to as "Buyer"), and [Your Company Name] (hereinafter referred to as "Seller").
The purpose of this Agreement is to outline the terms and conditions under which the Seller agrees to sell, and the Buyer agrees to purchase, the land described herein.
II. Definitions
1. "Property"
The term "Property" refers to the parcel of land described as follows: Parcel number 123-456-789, located at 4567 Maple Street, Madison, WI 53703.
2. "Purchase Price"
The term "Purchase Price" refers to the total amount of $500,000 agreed upon by both parties for the transfer of ownership of the Property.
3. "Closing Date"
The "Closing Date" refers to the date scheduled for the final execution of documents and the transfer of the Property from the Seller to the Buyer, which is scheduled for March 1st, 2050.
III. Sale of Property
The Seller agrees to sell, and the Buyer agrees to purchase, the Property in accordance with the terms and conditions set forth in this Agreement.
IV. Purchase Price and Payment Terms
1. Payment of Purchase Price
The Purchase Price for the Property is $500,000. The Buyer agrees to pay the Purchase Price on the Closing Date in the following manner:
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$50,000 earnest money deposit to secure the agreement, which will be applied towards the Purchase Price.
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The remaining $450,000 will be paid at the Closing Date through wire transfer to [Your Company Name].
2. Payment Instructions
The Buyer shall make payment to the Seller via wire transfer to the Seller's account at XYZ Bank, Account Number: 987654321, and the payment should be directed to [Your Company Name], located at [Your Company Address].
V. Title and Ownership
1. Title
The Seller guarantees that they hold clear and marketable title to the Property, free from any encumbrances, liens, or claims.
2. Transfer of Title
Upon the Buyer’s full payment of the Purchase Price, the Seller shall transfer ownership of the Property to the Buyer, and a deed of conveyance will be executed, thereby transferring the title to the Buyer.
VI. Responsibilities of Each Party
1. Seller's Responsibilities
The Seller is responsible for:
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Ensuring clear title to the Property.
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Paying any taxes or other fees associated with the Property prior to the transfer of title.
2. Buyer's Responsibilities
The Buyer is responsible for:
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Paying the full Purchase Price as stipulated in this Agreement.
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Assuming all costs associated with the ownership and maintenance of the Property from the Closing Date onward.
VII. Governing Law
This Agreement shall be governed by, and construed in accordance with, the laws of the State of Wisconsin, without regard to its conflict of law principles. Any disputes arising under or related to this Agreement shall be resolved in accordance with the laws of the State of Wisconsin.
VIII. Signatory Section
This Agreement is executed by the undersigned, authorized representatives of both parties:
Seller:
[Your Name]
[Your Company Name]
Date: 2nd January, 2050
Buyer:
Dell Stokes
BrandVibe
Date: 2nd January, 2050
If you have any questions or require additional information regarding this Agreement, please feel free to contact [Your Name] at [Your Email] or reach out to [Your Company Name] via [Your Company Email].
