Legal & Business


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BUSINESS PURCHASE AGREEMENT


An agreement intended to set out the term and conditions for the purchase of a business by one party from another.  No one should enter into any agreement to purchase a busie=iness without memorializing and documenting all aspects of the transaction.  Do not get allow unexpected matters to derail the purchase or sale of your business.  The form contained on this website has been prepared by attorneys but costs significantly less than if you hired a lawyer.  Follow the instruction contained within the form and review this form carefully and adapt it to your situation.

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MORTGAGES AND NOTES: LESSON I

Definitions:


Mortgage: A mortgage is any instrument pledging an interest in real and/or personal property to secure a debt.

Balloon mortgages require a bold face disclosure however, there are some statutory exceptions. Failure to include the special bold face disclosure causes the lender to forfeit the right to demand the balloon payment.