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Business purchase and sale agreement washington state Form: What You Should Know

Bidding Increment,” with respect to a purchase of a particular property, means the number of dollars that would be a reasonable commercial value in the absence of a significant discount applied. The “Warranty” in this Agreement shall also be defined by the Buyer as the following: “All warranties on warranties are expressly disclaimed. Buyer expressly acknowledges that he/she hereby accepts, without limitation, that the property offered for sale by this Agreement includes the property of a third party, which has no warranty, express or implied. To the fullest extent possible, and in no event shall this obligation to the Seller exceed the reasonable value of property, the Seller shall have no obligation to the Bidder. “The Purchaser assumes all risk of loss or damage to the property purchased in this transaction, including loss of use or any special, incidental, indirect, exemplary, consequential, or punitive damages of any sort, if any, arising out of the purchase or use of the property, unless the purchase is rescinded by the Seller in writing. “The Purchaser further acknowledges that the Bidder will be solely responsible for any damage that may occur with respect to the property purchased by the Bidder. “The Purchaser will be responsible for all tax obligations resulting from this transaction which must be agreed to by the Bidder. “This Agreement has been executed by the parties in the presence of their attorney(s) and by the execution of this Agreement by the party making the purchase. It is an informal, general and non-binding contract. The parties understand there is no contract between the parties, no legal proceedings will have been filed between the parties which may be held in the court with jurisdiction in the jurisdiction from where the property for the purpose of this sale will be found.” 1.

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