Fair Purchase Value Clause Samples
The Fair Purchase Value clause defines how the value of an asset, property, or business is determined for the purposes of a transaction, such as a buyout or sale. Typically, it outlines the method for calculating this value, which may involve independent appraisals, agreed-upon formulas, or reference to market standards. This clause ensures that both parties have a clear, objective basis for determining the price, thereby reducing disputes and promoting fairness in the transaction.
Fair Purchase Value. The Installment Payments for Improvements for each payment period during the term of this Purchase Contract shall constitute the total payment for such Improvements for such payment period, and shall be paid by the Board in each payment period for the continued quiet use and enjoyment of such Improvements during each such period for which said payment is to be paid. The parties hereto have agreed and determined that the total Installment Payments for the Improvements represent the fair purchase value of such Improvements. In making such determination, consideration has been given to the appraised value of such Improvements, other obligations of the parties under this Purchase Contract, the uses and purposes which may be served by the Improvements and the Acquisition Costs and the benefits therefrom which will accrue to the Board and the general public.