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Buyer Replacement Clauses

Buyer Replacement Clauses Webcast

A seller receives an offer from a buyer with a contingency that makes the seller nervous. Seller is reluctantly willing to accept the offer, but wants the ability to kick buyer #1 out of the deal if seller receives an offer from another buyer who looks more solid than buyer #1, unless buyer #1 fails to remove the contingency (say within 72 hours of notice to buyer #1). Learn how to avoid the mischief caused by what the industry calls “Rights of First Refusal.”