Memorandum of Contract Clause Samples
A Memorandum of Contract clause serves to formally record the existence and essential terms of a contract between parties, often in a summarized format. This clause typically outlines the key details such as the parties involved, the subject matter, and any critical dates or obligations, and may be used to provide notice to third parties, such as by recording it in public records. Its core practical function is to provide a concise, official summary of the agreement, which helps prevent disputes over the contract’s existence or terms and can protect the parties’ interests, especially in real estate or other transactions where public notice is important.
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Memorandum of Contract. Upon request of either party, the parties shall execute a memorandum of contract in recordable form setting forth such provisions hereof (other than the Purchase Price and other sums due) as either party may wish to incorporate. Such memorandum of contract shall contain a statement that it automatically terminates and the property is released from any effect thereby as of a specific date to be stated in the memorandum (which specific date shall be no later than the Closing Date). The cost of recording such memorandum of contract shall be borne by the party requesting same.
Memorandum of Contract. At the request of any party hereto, a Memorandum of this Agreement shall be recorded in the recording offices of each and every County in which the Timberlands are located.
Memorandum of Contract. This Contract shall not be recorded, but the parties hereto shall, upon the request of either party hereto, execute, acknowledge and deliver at any time after the date hereof, a memorandum of this Contract.
Memorandum of Contract. Upon the request of either party, both parties will promptly execute a memorandum of this Contract suitable for filing of record.
Memorandum of Contract. Buyer may file, at Buyer’s option, a Memorandum of Contract at the Register of Deeds for the county in which the Property is located.
Memorandum of Contract. The parties hereto agree that this Agreement shall not be recorded.
Memorandum of Contract. Purchaser covenants and agrees that in no event will Purchaser record or cause to be recorded this Agreement or any memorandum hereof and that Purchaser's breach of this provision shall represent a default of the nature governed by Subsection 15(a) hereof and Seller shall have all of the rights and remedies provided under Subsection 15(a) including, without limitation, the option of terminating this Agreement and retaining the Deposit as liquidated damages.
Memorandum of Contract. ▇▇▇▇▇▇ agrees that ▇▇▇▇▇ may execute, acknowledge, and record a memorandum or affidavit of this Contract in the official records of the recorder of the county in which the Property is located. Seller’s signature on any affidavit or memorandum is not required for the recording of the same.
Memorandum of Contract. Each party hereto reserves the right to obtain upon request the execution by the parties of a Memorandum of Contract suitable for recordation in the Office of the Register of Deeds of Wake County. The requesting party shall pay all expenses for preparation and recordation of said ▇▇▇▇▇▇▇▇▇▇(s). This contract itself may not be recorded without the prior written permission of ▇▇▇▇▇ and Seller. If Buyer records a memorandum of contract, Buyer shall furnish a notice of termination that Seller can record.
Memorandum of Contract. This Contract shall not be recorded or otherwise filed or made a matter of public record or lien records and any attempt to record or file same by Buyer shall be deemed a default by Buyer hereunder.