An arrangement allowing a chosen, earnest buyer time to complete its purchase free of pressure from competition. Seller’s and buyer’s written or oral contract requiring that the seller not seek or accept additional offers for a specified period.
An arrangement allowing a chosen, earnest buyer time to complete its purchase free of pressure from competition. Seller’s and buyer’s written or oral contract requiring that the seller not seek or accept additional offers for a specified period.
Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.