Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

guaranteed-sale contract

Read a random definition: joint and mutual will

A quick definition of guaranteed-sale contract:

A guaranteed-sale contract is an agreement between two or more parties that creates enforceable obligations. It can be a written document or a verbal agreement. The contract promises that a certain item or property will be sold within a specific time frame, and if it is not sold, the seller will buy it themselves. This type of contract is often used in real estate transactions.

A more thorough explanation:

A guaranteed-sale contract is a type of contract that creates enforceable obligations between two or more parties. It is a written agreement that sets forth the terms and conditions of the contract.

For example, a real estate agent may offer a guaranteed-sale contract to a homeowner who wants to sell their property quickly. The contract may state that the agent guarantees to sell the property within a certain timeframe or else they will buy the property themselves at a predetermined price.

This type of contract illustrates the definition of a contract as an agreement that creates legal obligations between parties. In this case, the real estate agent and homeowner are both bound by the terms of the contract and have legal remedies if the other party fails to fulfill their obligations.

guaranteed-purchase contract | guaranteed stock

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.