George's Blog

head_left_image

Contract Series Paragraph 26

George Clements ~ Greenville, SC Real Estate 

 

Paragraph 26 of the Contract For Sale deals with the acceptable forms of accepting an offer and looks something like this: 

 

26. Acc eptable Methods of Deliv ery and comm unic ation: The parties agree that the offer,
any counter offer and/or acceptance of any offer, as well as any other notice or response required to
be given, may be communicated by hand delivery, Federal Express or other overnight courier, by facsimile
or other secure electronic means, including, but not limited to, electronic mail. The signatures, initials
and handwritten or typewritten modifications to any of the foregoing which are conveyed electronically
shall be deemed to be valid and binding upon the parties as if the original signatures, initials and handwritten
or typewritten modifications were present on the documents in the handwriting of each party.

 

This paragraph tells the different ways a contract can be delivered for acceptance.  These delivery ways include by hand, mail, fax, and email.  Completed contracts are usually delivered by fax or email just to get it there as soon as possible.  It is important to get an acceptance of an offer to the other party as soon as possible whether you are the purchaser or the seller.  In the case of a purchaser, you do not want another offer to come in before yours is under contract.  In the case of a seller, you do not want to mess around and risk loosing the purchaser for some reason before you go under contract.  

 

This paragraph also says that any changes or initials/signatures are completely valid if sent by electronic means such as email or fax.  

Comment balloon 0 commentsGeorge Clements • April 09 2008 01:37PM
Contract Series Paragraph 26
share
George Clements ~ Greenville, SC Real Estate Paragraph 26 of the Contract For Sale deals with the acceptable forms of accepting an offer and looks something like this: 26. Acc eptable Methods of Deliv ery and comm unic ation: The parties agree… more
Contract Series Paragraph 25
share
George Clements ~ Greenville, SC Real Estate Paragraph 25 of the Contract For Sale deals with weather an offer is accepted or not and looks something like this: 25. Communication of Aceptance: The acceptance of this offer or any counteroffer… more
Contract Series Paragraph 24
share
George Clements ~ Greenville, SC Real Estate Paragraph 24 of the Contract For Sale deals with the expiration of the offer and looks something like this: 24. Expiration of Original Offer: The original offer is deemed revoked if not accepted and… more
Contract Series Paragraph 23
share
George Clements ~ Greenville, SC Real Estate Paragraph 23 of the Contract For Sale is entitled "Survival" and looks something like this: 23. SURVIVAL: If any provision herein contained which by its nature and effect is required to be… more
Contract Series Paragraph 22b
share
George Clements ~ Greenville, SC Real Estate The second part of pragraph 22 of the Contract For Sale looks something like this: The following matters are excluded from mediation hereunder: (a) judicial or non-judicial foreclosure or other action… more
Contract Series Paragraph 22a
share
George Clements ~ Greenville, SC Real Estate Paragraph 22 of the Contract For Sale is rather long so I thought I would break up the explanation into two parts. The first part looks something like this: 22. Mediation clause: Any dispute or claim… more
Contract Series Paragraph 21
share
George Clements ~ Greenville, SC Real Estate Paragraph 21 of the Contract For Sale is entitled "Entire Contract; Binding Contract; Time:" and looks somthing like this: 21. ENTIRE CONTRACT; BINDING CONTRACT; TIME: This written Contract… more
Contract Series Paragraph 20
share
George Clements ~ Greenville, SC Real Estate Paragraph 20 of the Contract For Sale is quite long and looks something like this: 20. DISCLAIMER BY BROKERS AND AGENTS: The Listing Brokers or Selling Brokers and their Agents do not make any… more
Contract Series Paragraph 19
share
George Clements ~ Greenville, SC Real Estate Paragraph 19 of the Contract For Sale deals with Megan's Law and looks something like this: 19. MEGAN’S LAW : The Purchaser and Seller agree the Listing and Selling Brokers and their agents are not… more
Contract Series Paragraph 18
share
George Clements ~ Greenville, SC Real Estate Paragraph 18 of the Contract For Sale deals with home warranties and looks something like this: 18. HOME WARRANTY : It is understood a third-party 1-year home warranty ___ will, ___ will not be… more