Navigating Commercial Contracts

Navigating Commercial Contracts

Linda Olson

We will review what a Commercial Contract is and how it needs to be filled in to be legal and enforceable. We will review “Letters of Intent” and how and why to use them. We will go line by line through the provisions of a Florida REALTORS Commercial Contract and we will talk about when to use “Optional Clauses” along with your Commercial Contracts. We will discuss the due diligence that should be completed during the feasibility period of a commercial transaction. You will leave with the knowledge of how to explain the agreement to your customer, determine how long due diligence periods should be, and better be able to prepare a solid and binding contract, without practicing law!

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