Purchase Agreement Template
Thursday, May 14, 2020
This purchase agreement is executed on Saturday, October 16, 1993, by and between the following
parties:
Seller Name of Buyer
Mallory Reaney Mallory Reaney
Seller Co-owner Buyer Co-owner
Mallory Reaney Mallory Reaney
Address of Seller Address of Buyer
58 Harbort Circle, 041 Laurel Circle 58 Harbort Circle, 041 Laurel Circle
Lima, Ohio, 45807 Lima, Ohio, 45807
United States United States
Description of the Property
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Payment and Transfer of Ownership Terms
Selling Price Reservation Amount
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tortor quis turpis. Sed ante.
Date of Transfer of Property Ownership
Saturday, October 16, 1993 Payment Terms
Option 3
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Purchase Agreement Template
The Parties agree to as follows:
1. Sale of Property.
For good value and consideration, the Seller agrees to sell, and the Buyer agrees to buy the subject
property described herein.
2. Taxes.
The Buyer shall be responsible for ling all required sales and use tax returns in connection with the
transfer of the Property. Buyer will also pay all required sales and use taxes and other transfer costs
and expense which may arise resulting from the transfer of the Property. Seller will pay all personal
property taxes associated with ownership of the Property and accrued for the period ending on the
Effective Date and buyer wil pay all such personal property taxes that accrue thereafter.
3. Delivery.
Buyer will be entitled to take possession of the Property on Saturday, October 16, 1993 . If delivery is to
be made at a date after the Effectivity date, the Seller shall ensure that the property is delivered in the
same condition as when last inspected by Buyer.
4. Seller's Representations.
The Seller represents and warants that he has good and marketable title to the Property and full
authority to sell the Property. Seller also represents that the Property is free from any lien or
encumbrance. Seller makes no other representations or warranties concerning the Property, which is
being sold and assigned "as is," and without any warrant of merchantability or tness for a particular
purpose. Seller expressly disclaims any representations or warranties as to the value, condition, or
functionality of the Property or its suitability for any particular purpose and buyer will have no recourse
against Seller for the Property.
5. Governing Law.
This Agreement shall be govered by and construed in accordance with the laws of the State of New
York, without giving effect to the con ict of laws principles thereof.
6. Disputes.
Any dispute arising from this Agreement shall be resolve through mediation. If the dispute cannot be
resolved through mediation, then the dispute will be resolved through binding arbitration conducted in
accordance with the rules of the American Arbitration Association.
7. Counterparts.
This Agreement may be executed in one or more counterparts each of which shall be deemed an
original and all of which together shall constitute one and the same document.
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Purchase Agreement Template
8. Miscellaneous.
This Agreement shall be binding upon the Parties and their respective heirs, successors, and assigns.
The provisions of this Agreement are severable. If any provision is held to be invalid or unenforceable,
it shall not affect the validity or enforceability of any other provision. The section headings are for
reference purposes only and shall not otherwise affect the meaning, construction, or interpretation of
ay provision of this Agreement. This agreement constitutes the entire agreement between the Parties
and supersedes any and all prior oral or written agreements or understandings between the Parties
concerning the subject matter of this Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
____________________________.
Seller Buyer
Mallory Reaney Mallory Reaney
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