Quiet Title Suit Clause Samples
A Quiet Title Suit is a legal action used to resolve disputes or uncertainties regarding the ownership of real property. In practice, this type of lawsuit is filed by a party seeking to establish clear title to a property, often when there are conflicting claims, unresolved liens, or ambiguities in the chain of title. By obtaining a court judgment, the rightful owner can eliminate competing interests or claims, thereby ensuring marketable and undisputed ownership of the property. The core function of a Quiet Title Suit is to provide legal certainty and clear up any defects or challenges to property ownership.
Quiet Title Suit. (a) The Parties acknowledge that ACE Controls, through its attorneys Dold, ▇▇at▇ & ▇cKe▇▇▇▇, ▇.C., has commenced a suit in Oakland County Circuit Court to "quiet title" to Parcel No. 29 making up part of the real property owned by ACE Controls at 2343▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ (▇▇e "Parcel"). After the date of this Agreement and until the Closing Date, ACE Controls and the Sellers shall take all actions necessary or advisable to prosecute such suit in order to have ACE Controls be the record title holder of the Parcel. After the Closing Date, the Purchaser shall cause ACE Controls to continue to take all such actions and shall respond to the Sellers' Representative's reasonable requests for status updates on such suit.
(b) The Sellers shall be jointly and severally liable for all liabilities (including attorney's fees and expenses and the costs of settlement (if any) of any claims raised by any third-party(ies) in connection with such suit) incurred by ACE Controls in connection with such suit, whether taken before or after the date of this Agreement or before or after the Closing Date, and shall directly pay the legal fees and expenses of Dold, ▇▇at▇ & ▇cKe▇▇▇▇, ▇.C. incurred in connection with such suit. The amount of such liabilities shall not be paid from the Escrow Fund, but rather shall be a direct obligation of the Sellers, jointly and severally. The amount of such liabilities shall not count against any limitations on indemnification provided for in this Agreement.
(c) The Purchaser acknowledges that the law firm of Dold, ▇▇at▇ & ▇cKe▇▇▇▇, ▇.C. shall represent ACE Controls in the "quiet title" suit before and after the Closing Date, and the Purchaser waives any and all conflict of interest claims arising from or relating to Dold, ▇▇at▇ & ▇cKe▇▇▇▇, ▇.C.'s representation in such matter.