Legal Information About the Real Estate Contract

The conclusion of final agreement between a seller and a buyer is the Agreement of Purchase and Sale. We know it as the real estate contract.

There are five mandatory requirements for a contract under contract law:

1. The name, address and contact data for the seller(s) and buyer(s).

2. A clear description of the property. We prefer the tax map and parcel number but a street address, or other clear description will do. Such as “parcel known as Hudson Farm, being 456 acres more or less fronting on west side of US Route One and County Rd. 264, being about 9 miles north of Rehoboth in Sussex County Delaware. The final description on the deed at settlement will contain the Book and Page number where it was purchased, a survey description and tax map ID. For the contract any clear description that could ONLY be the property being sold is sufficient. This can be the Tax I.D. number.

3. The price and terms of payment. For instance: cash at settlement in thirty days from the date of this contract. Here should also be noted the deposit or consideration which may be as little as one dollar BUT is normally 10% of the purchase price.

4. The date of the contract.

5. Signatures of all sellers and buyers.

Although the contract need not be written on the form provided by the Realtor, it is customary to do so. On larger properties a simple note is often written which include the above 5 items and says that a full contract will follow. Then, the short contract is followed by another formalized contract drawn up by the attorney for the buyer or the seller. That is then reviewed and usually changed to some degree by the attorneys for the other side of the transaction.

On larger and more complicated properties the contract can go to dozens or even hundreds of pages. The five items here must be included but hundreds or thousands of other items may need to be included for some properties.

Most contracts today, for residential homes, are written on the standard contract form authorized by the County Board of Realtors and provided by the purchaser’s Realtor. The deposit money, or earnest money as it is sometimes called, is usually deposited in the escrow account of the selling Realtor.

Until all of the items above are included and ratified by all parties there is not a contract but only a “contract in progress” or an “offer” as we call it. This can be an offer to sell or an offer to buy and there may be several counter offers going back and forth as negotiations continue.

When everything is finalized the fully written and agreed upon document is said to be ratified. Even then the contract is not fully enforceable until it is conveyed, and received, in writing to all parties. THEN and only then can it be said to be a full and complete and enforcable contract.

Copyright © 2001-2005 www.JodyHudson.com

Where to Find Asbestos Mesothelioma Legal Information

People today have different reasons for looking up asbestos mesothelioma legal information. Some have suspicions regarding various symptoms that they feel while others do not just have suspicions but already have confirmations. These people are often quite confused and are looking for guidance regarding the things that they should do. They see information and knowledge as the only way they can actually use. If you are one of those people, or just someone doing research, then you should know that getting accurate asbestos mesothelioma legal information is quite essential mainly because the topic is dealing with health related issues.

Here are some tips to help you out:

1) Consult a lawyer – Where else do you get asbestos mesothelioma legal information than from someone who is an expert in all manner of legalities. Of course, finding a good lawyer to get your information from can be quite hard, especially today when a lot of lawyers are looking to get some cash from asbestos litigation. By consulting a lawyer who actually has had experience handling mesothelioma cases, then you will be able to make sure that you are not be wasting your time talking to that person.

There is, however, an issue regarding how fair any sort of asbestos mesothelioma legal information that comes from any lawyer is. This is because of the fact that lawyers are always on the constant lookout for new clients. Even a simple inquiry for asbestos mesothelioma legal information may end up with you retaining that lawyer’s services simply because of the amount of marketing that he or she has placed within the information. When you get asbestos mesothelioma legal information from a lawyer, be sure to try and screen out the propaganda.

2) Go to a library – If you are still just scanning various places for asbestos mesothelioma legal information simply as an initial guide to help you decide whether to litigate or not, then the library should give you all the information that you will need. Any sort of library will surely yield some sort of asbestos mesothelioma legal information that you can use. However, if you are truly looking for in-depth studies of asbestos litigation, then you should try to look at various law libraries. By researching in a law library, you will be able to access the actual materials that some lawyers use when they are preparing for a case. However, this may also mean that you need to actually research like a lawyer and get down and dusty with the different books. Although this may seem like dreary work, the end product is definitely worth it.

3) Go to the internet – Many people today are turning to the internet for the majority of their information needs. This is because the internet may contain pages upon pages of the asbestos mesothelioma legal information that you need. However, as with consulting lawyers, this type of information can be pretty hard to verify if it is fair or not. This is mainly because a lot of people see the internet as a chance to dupe others. Some lawyers place asbestos mesothelioma legal information that helps them convince people that the only solution to their problem is litigation. Some companies under fire also use the internet to scatter false information which could deter people from pursuing any inquiries.

When you have found the asbestos mesothelioma legal information that you want, what are you to do with it? Well, as said before, people use information in different ways. However, on the off-chance that you are one of those people who are looking for asbestos mesothelioma legal information in order to help them find some sort of stability amidst the chaos of both the disease and the legal implications thereof, then you should definitely think of what to do with the information you have gathered.

The first thing that you have to think about is how the information applies to you. Which pieces of the asbestos mesothelioma legal information that you have gathered can you actually use and just how might you be able to utilize them? Knowing this will help you focus the specifics of your case if you ever choose to litigate. The next move that you need to make would be to consult a lawyer and retain his or her services. Remember to pick a good lawyer to help you with your case. Think of all the research you did as preparation. Gathering enough asbestos mesothelioma legal information can help you familiarize yourself with the various tactics that your lawyer may use and thus, make the case much easier for the both of you.

As you can see, asbestos mesothelioma legal information can be extremely helpful if you know how to handle it correctly. The key is in finding the right sort of information and actually knowing how to utilize it well.

Documenting Legal Information Through Legal Transcription

In the world of transcribing, there may be none as important as the legal transcriptionist. Not only are they charged with the responsibility to record legal interviews for hearings, motions, pleadings, depositions, legal argument, and judgments, there are countless other topics that these transcribers must document accurately, efficiently, and without any pause.

The major reason that legal transcription is so important is because it can be used as evidence in an important case. Not only that, it can also be used for future reference for possible repeat offenders in some instances. These transcriptionists will sit for hours on end, documenting each word that is said between legal parties. While in some cases, it may be done through a recording of the legal movement; it is often times done live and without any ability to pause in typing.

Unlike other forms of transcription, legal transcriptionists often times will type on specialized transcription equipment, rather than on a computer. The major reason for this is because if the power goes out, or if there is a technical error during a court hearing, there is no way for the transcriptionist to get back any lost files, which may have actually sent a criminal to their rightful place.

While there are many freelance transcription jobs out there, legal transcription is not one of them. Legal transcription often times requires years of college education, but why? Well, with something so important on the line, there is no room for a rookie error. Typically, these people are hired after schooling and years of transcription work under their belts. However, it is possible to get them fresh out of college as well if you show potential in accuracy and speed.

If the court or company that is needing legal transcription doesn’t have an in-house transcriptionist, they will often times hire from one of the many different transcription companies housed in each state and country in the world. This is mostly because if they hire in, they do not need to pay an hourly or salaried employee when there is no work to be done in transcribing.

On the flip side of the coin, if you’re a hiring law firm or someone else who may need legal transcribing? It is quite easy to find a legal transcriptionist these days with the invention of the Internet. It seems they are a dime a dozen when you know just how and where to look.

Of course as with anything else that is for sale, whether it be time, goods, or transcribing, the prices will vary from place to place. However, just because it is affordable, won’t mean it is bad. Just like if it is extraordinarily expensive, will it be good. The most important thing to do is to look for the credentials of both the individual who will be performing the legal transcribing and the company, which employs them. Remember; protect yourself from scams, even a company with good standing in the legal world can get scammed online. Know the company that you are hiring for legal transcription!