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  2. 72-hour clause - Wikipedia

    en.wikipedia.org/wiki/72-hour_clause

    A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...

  3. Contingent contract - Wikipedia

    en.wikipedia.org/wiki/Contingent_contract

    A contingent contract is an agreement that states which actions under certain conditions will result in specific outcomes. [1] Contingent contracts usually occur when negotiating parties fail to reach an agreement. The contract is characterized as "contingent" because the terms are not final and are based on certain events or conditions ...

  4. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    72-hour kick out contingency - Seller contingency, in which the seller accepts a contract from a buyer with a contingency (typically a home sale or rent contingency where the buyer conditions the sale on their ability to find a buyer or renter for their current property prior to settlement). The seller retains the right to sell the property to ...

  5. Incomplete contracts - Wikipedia

    en.wikipedia.org/wiki/Incomplete_contracts

    In their seminal contributions, Grossman and Hart (1986), Hart and Moore (1990), and Hart (1995) argue that in practice, contracts cannot specify what is to be done in every possible contingency. [6] [7] [8] At the time of contracting, future contingencies may not even be describable. Moreover, parties cannot commit themselves never to engage ...

  6. Forum selection clause - Wikipedia

    en.wikipedia.org/wiki/Forum_selection_clause

    In contract law, a forum selection clause (sometimes called a dispute resolution clause, choice of court clause, governing law clause, jurisdiction clause or an arbitration clause, depending on its form) in a contract with a conflict of laws element allows the parties to agree that any disputes relating to that contract will be resolved in a specific forum.

  7. What Is an Appraisal Contingency? - AOL

    www.aol.com/appraisal-contingency-184818653.html

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  8. Condition subsequent - Wikipedia

    en.wikipedia.org/wiki/Condition_subsequent

    An exit clause is a form of condition subsequent that can serve as a form of insurance for the party to whom it applies. [ 4 ] In contract law , a contract may be frustrated on the occurrence of a condition subsequent: in a contract to provide a music hall for a musical performance, the burning down of the music hall may frustrate the contract ...

  9. Former USPS worker stole over $100K of sports memorabilia ...

    www.aol.com/former-usps-worker-stole-over...

    As part of Dozier's plea agreement, he will have to pay $108,692.92 in restitution to the victims, according to the Justice Department. The theft of mail by a postal employee charge carries a ...

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