memorandum of understanding for sale of land

Mix is the owner of the Mix1 Assets (the ∺ssets) described very specifically in Schedule ∺ attached hereto. This MOU sets forth the general terms and conditions for an Asset Purchase, to which the Company and the Mix have jointly agreed. (Mix and Company may individually referred to hereinafter as Party collectively referred to hereinafter as the Parties). If you’re using a Letter of Intent to lend money, outline the loan amount and term.This Memorandum of Understanding (MOU), dated June 28 th, 2013, is by and between PDK Energy, Inc., a Mississippi Corporation (∼ompany) and Mix1, LLC, an Arizona Limited Liability Company (Mix). You should also clarify the kind of property, such as commercial or residential, and give a description. For example, if you’re creating an LOI for a real estate sale, you’ll need the address and a legal description of the property. Additional clauses: If there are any terms or issues unique to your situation, include a clause to account for these details.ĭepending on how you are using a Letter of Intent, you will have to provide the additional information that is relevant to your circumstances.Closing date: Outline the deadline by which the parties expect to sign a binding agreement.

If you are lending or borrowing money, specify the amount and term. Price or amount: If you are buying or selling real estate or a business, outline the price.Property, business, or transaction description: Depending on your situation, describe the real estate, business, or transaction.Party details: Specify if each party is an individual or company, and provide names and addresses.To complete a simple Letter of Intent, you’ll need to provide the following information: This Document accurately reflects the understanding between the Seller and the Purchaser, signed on this _ day of _, _. The Purchaser will accept the Property in its current state and condition without any further work, repairs, treatments or improvements.Either the Seller or the Purchaser may cancel the Contract if the Purchaser cannot obtain adequate financing by the Closing Date despite due diligence and good faith on the part of the Purchaser. The Contract will be subject to the Purchaser being approved for all financing by the Closing Date.If the representations of the Seller are untrue upon the Closing Date, the Purchaser may terminate any future agreement without penalty and any deposits must be refunded. The Seller represents and warrants that the Property is free and clear of any liens, charges, encumbrances or rights of third parties which will not be satisfied out of the sales proceeds.The Seller does not know of any material facts that would affect the value of the Property, except those observable by the Purchaser or known to the Seller and stated in this Document.The Purchaser will take possession of the Property on the 20th day of October, 2023.The Purchaser will pay to the Seller the amount of $_ AUS Dollars on or before the 20th day of October, 2023 (the 'Closing Date') as final payment in full for the Property.The property (the 'Property') that is the subject of this Document is located at:.The Purchaser and the Seller are not prevented from entering into negotiations with third parties with regard to the subject matter of this Document. The terms and conditions of the Contract will supersede any terms and conditions contained in this Document. Only the Contract, duly executed by the Purchaser and the Seller, will be enforceable. This Document does not create a binding agreement between the Purchaser and the Seller and will not be enforceable.The terms contained in this Document are not comprehensive and it is expected that additional terms may be added, and existing terms may be changed or deleted. This Document will establish the basic terms to be used in a future real estate contract for sale (the 'Contract') between the Seller and the Purchaser. The Purchaser wishes to purchase residential property from the Seller.The Seller is the owner of residential property that is available for sale.THIS LETTER OF INTENT (the 'Document') made as of this _ day of _, _ (the 'Execution Date'),

Memorandum of understanding for sale of land