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.
