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Simple English definitions for legal terms

guaranteed-sale contract

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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

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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