No document is more
important than the contract. It governs
the whole transaction. Anything not
stated in the contract is, for practical purposes, not part of the deal. Under law you are entitled to the benefit of
your bargain (as written in the contract).
If you want something more, you have to get the other party to
agree. If you want something deleted,
you need to get the other party to agree.
You should assume that no contract obligation survives settlement unless
explicitly stated so in the contract.
The answers given above have been
prepared by the law firm of Jones & Walker, P.C. of Virginia Beach as
general guidelines to common questions.
These answers do not constitute specific legal advice. For a fuller explanation of many aspects of
real estate sales and purchases, visit Jones & Walker’s website: www.jonesandwalker.com.
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