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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 ...
A central tenet of the model, and the robust theory that underlies it, is that a vast majority of negotiations in the real world involve parties who have more than one goal or concern in mind and more than one issue that can be addressed in the agreement they reach.
Put a contingency in your contract: A sale contingency is a contractual clause stating that the purchase of your new home is contingent upon the sale of your old one. If the contingency is not met ...
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 seller to continue to market the property. The 72 hour clause is usually written into sales contracts by the seller, this allows a seller to keep the home on the market and accept backup offers ...
Continue reading → The post What Is a Mortgage Contingency? appeared first on SmartAsset Blog. Whether you're buying or selling a home, getting the home under contract is just the start of the ...
In an effort to bridge the difference in positions, the two firms agreed upon including in the terms of the deal a contingent payment on the first anniversary of the transaction that would depend on General Mills’ share price.
See contingent value rights, having a similar function.) Earnouts are popular among private equity investors, who do not necessarily have the expertise to run a target business after closing, as a way of keeping the previous owners involved following the acquisition.
Continue reading → The post What Is an Appraisal Contingency? appeared first on SmartAsset Blog. If you are buying a home, there are two things you should never, under any conditions, waive. The ...