Home › Forums › Closed Forums › Buying and Selling RE › Real Estate Contract Question
- This topic has 30 replies, 4 voices, and was last updated 13 years, 5 months ago by
SK in CV.
-
AuthorPosts
-
July 20, 2011 at 8:18 PM #711343July 20, 2011 at 10:49 PM #712019
patb
Participant[quote=paramount]Thanks very much for the responses – it was as SK brought up: one page was not initialed by the seller.[/quote]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal
July 20, 2011 at 10:49 PM #711422Participant[quote=paramount]Thanks very much for the responses – it was as SK brought up: one page was not initialed by the seller.[/quote]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal
July 20, 2011 at 10:49 PM #712532Participant[quote=paramount]Thanks very much for the responses – it was as SK brought up: one page was not initialed by the seller.[/quote]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal
July 20, 2011 at 10:49 PM #711326Participant[quote=paramount]Thanks very much for the responses – it was as SK brought up: one page was not initialed by the seller.[/quote]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal
July 20, 2011 at 10:49 PM #712173Participant[quote=paramount]Thanks very much for the responses – it was as SK brought up: one page was not initialed by the seller.[/quote]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal
July 20, 2011 at 11:30 PM #711461SK in CV
Participant[quote=patb]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal[/quote]
Naw, it’s still fully enforceable. The theory behind the initials is twofold (maybe more). One, it acknowldges that the party is agreeing to the wording on that page, and prevents insertion of an alternate page or wording into the agreement. Second, it protects the counter-party from claims that the the initialer didn’t see or agree to clauses on that particular page. Nonetheless, signed contracts are fully enforceable with or without the initials. Particularly with so many copies of standard real estate contracts, the likelihood of either side prevailing in a dispute over the content of any particular page is remote. And if the contract is signed, the entire contract has met the “meeting of the minds” requirement. Missing initials notwithstanding.
July 20, 2011 at 11:30 PM #712572Participant[quote=patb]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal[/quote]
Naw, it’s still fully enforceable. The theory behind the initials is twofold (maybe more). One, it acknowldges that the party is agreeing to the wording on that page, and prevents insertion of an alternate page or wording into the agreement. Second, it protects the counter-party from claims that the the initialer didn’t see or agree to clauses on that particular page. Nonetheless, signed contracts are fully enforceable with or without the initials. Particularly with so many copies of standard real estate contracts, the likelihood of either side prevailing in a dispute over the content of any particular page is remote. And if the contract is signed, the entire contract has met the “meeting of the minds” requirement. Missing initials notwithstanding.
July 20, 2011 at 11:30 PM #712213Participant[quote=patb]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal[/quote]
Naw, it’s still fully enforceable. The theory behind the initials is twofold (maybe more). One, it acknowldges that the party is agreeing to the wording on that page, and prevents insertion of an alternate page or wording into the agreement. Second, it protects the counter-party from claims that the the initialer didn’t see or agree to clauses on that particular page. Nonetheless, signed contracts are fully enforceable with or without the initials. Particularly with so many copies of standard real estate contracts, the likelihood of either side prevailing in a dispute over the content of any particular page is remote. And if the contract is signed, the entire contract has met the “meeting of the minds” requirement. Missing initials notwithstanding.
July 20, 2011 at 11:30 PM #711366Participant[quote=patb]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal[/quote]
Naw, it’s still fully enforceable. The theory behind the initials is twofold (maybe more). One, it acknowldges that the party is agreeing to the wording on that page, and prevents insertion of an alternate page or wording into the agreement. Second, it protects the counter-party from claims that the the initialer didn’t see or agree to clauses on that particular page. Nonetheless, signed contracts are fully enforceable with or without the initials. Particularly with so many copies of standard real estate contracts, the likelihood of either side prevailing in a dispute over the content of any particular page is remote. And if the contract is signed, the entire contract has met the “meeting of the minds” requirement. Missing initials notwithstanding.
July 20, 2011 at 11:30 PM #712061Participant[quote=patb]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal[/quote]
Naw, it’s still fully enforceable. The theory behind the initials is twofold (maybe more). One, it acknowldges that the party is agreeing to the wording on that page, and prevents insertion of an alternate page or wording into the agreement. Second, it protects the counter-party from claims that the the initialer didn’t see or agree to clauses on that particular page. Nonetheless, signed contracts are fully enforceable with or without the initials. Particularly with so many copies of standard real estate contracts, the likelihood of either side prevailing in a dispute over the content of any particular page is remote. And if the contract is signed, the entire contract has met the “meeting of the minds” requirement. Missing initials notwithstanding.
July 20, 2011 at 11:30 PM #712218Participant[quote=patb]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal[/quote]
Naw, it’s still fully enforceable. The theory behind the initials is twofold (maybe more). One, it acknowldges that the party is agreeing to the wording on that page, and prevents insertion of an alternate page or wording into the agreement. Second, it protects the counter-party from claims that the the initialer didn’t see or agree to clauses on that particular page. Nonetheless, signed contracts are fully enforceable with or without the initials. Particularly with so many copies of standard real estate contracts, the likelihood of either side prevailing in a dispute over the content of any particular page is remote. And if the contract is signed, the entire contract has met the “meeting of the minds” requirement. Missing initials notwithstanding.
July 20, 2011 at 11:30 PM #712066Participant[quote=patb]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal[/quote]
Naw, it’s still fully enforceable. The theory behind the initials is twofold (maybe more). One, it acknowldges that the party is agreeing to the wording on that page, and prevents insertion of an alternate page or wording into the agreement. Second, it protects the counter-party from claims that the the initialer didn’t see or agree to clauses on that particular page. Nonetheless, signed contracts are fully enforceable with or without the initials. Particularly with so many copies of standard real estate contracts, the likelihood of either side prevailing in a dispute over the content of any particular page is remote. And if the contract is signed, the entire contract has met the “meeting of the minds” requirement. Missing initials notwithstanding.
July 20, 2011 at 11:30 PM #711371Participant[quote=patb]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal[/quote]
Naw, it’s still fully enforceable. The theory behind the initials is twofold (maybe more). One, it acknowldges that the party is agreeing to the wording on that page, and prevents insertion of an alternate page or wording into the agreement. Second, it protects the counter-party from claims that the the initialer didn’t see or agree to clauses on that particular page. Nonetheless, signed contracts are fully enforceable with or without the initials. Particularly with so many copies of standard real estate contracts, the likelihood of either side prevailing in a dispute over the content of any particular page is remote. And if the contract is signed, the entire contract has met the “meeting of the minds” requirement. Missing initials notwithstanding.
July 20, 2011 at 11:30 PM #711466Participant[quote=patb]
what it means is you have an enforceable contract, but that one page or
the clause may be not enforceable.but, usually most people want to finish a deal[/quote]
Naw, it’s still fully enforceable. The theory behind the initials is twofold (maybe more). One, it acknowldges that the party is agreeing to the wording on that page, and prevents insertion of an alternate page or wording into the agreement. Second, it protects the counter-party from claims that the the initialer didn’t see or agree to clauses on that particular page. Nonetheless, signed contracts are fully enforceable with or without the initials. Particularly with so many copies of standard real estate contracts, the likelihood of either side prevailing in a dispute over the content of any particular page is remote. And if the contract is signed, the entire contract has met the “meeting of the minds” requirement. Missing initials notwithstanding.
-
AuthorPosts
- The forum ‘Buying and Selling RE’ is closed to new topics and replies.