Have you ever wondered when signing a boiler plate purchase and sale agreement what paragraphs on the PSA have the potential to come back and haunt you before the sale is complete?
I recently attended a Commercial Association of Brokers sponsored seminar on this subject. The speaker was Daniel Drazan a real estate attorney for Dunn Carney Allen Higgins & Tongue, LLP. Dan serves on the Board of Directors of the Commercial Association of Brokers. He also chairs the CAB Legal Forms Committee so he is well qualified to speak on this subject.
Here are four potential issues that buyers should do their best to negotiate away before they sign the purchase & sale agreement. (more…)