Question

In: Operations Management

You will represent either the Purchaser (Acme, Inc.)or the Seller (I.M. Seller). Draft a letter...

You will represent either the Purchaser (Acme, Inc.)
or the Seller (I.M. Seller). Draft a letter to your client explaining any
legal details of the contract that you feel that your client should be
aware of and should understand. Prepare your client for the real
estate closing by telling your client what items should be made
available for the closing date. Post your client letter.

Solutions

Expert Solution

I am representing as a seller. Following points to be awared by buyer would be:

1. The payment terms: payment terms should be well aware and known to buyer and seller both. The client has to pay within 30 days of receiving the invoice. Accepted payment methods are paytm, direct deposits, google pays, phonepe apps, bank transfer to account.

If withim 30 days, payment is not made, future deals will be cancelled automatically and last reminder will be given and after that the party will be sued.

2. Legal contract information of both parties: name of both parties, company's name, types of goods involved, working relationship terms, physical address, billing address.

3. If contract is terminated: 2 weeks notice period before the delivery of goods is required, otherwise contract will not be terminated and buyer has to accept the goods and invoice.

Items that should be made available for closing date are:

Hire an attorney, a title research and title insurance provide peace of mind and safety to your property, physical examination of home bought, complete pest inspection, renegotiate the offer, remove contingencies.


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