Common use of Seller’s Duties Clause in Contracts

Seller’s Duties. In the event Seller provides Buyer or Buyer provides Seller timely written notice of a major defect of any of the above required or selected items, the Seller shall notify Buyer within 5 calendar days of said notice whether Seller (a): intends to correct the major defect(s) at Seller's sole cost prior to settlement, (b): refuses to correct any of the major defects, or (c): offers to negotiate with Buyer about the major defects with such negotiations to be completed within 5 additional calendar days from date of Seller’s notification. If the negotiations are not completed in the time specified above or Seller fails to provide written notification, then this shall mean that Seller has refused to correct the major defect.

Appears in 5 contracts

Samples: Real Estate Purchase Addendum, Agreement of Sale, Agreement of Sale

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Seller’s Duties. In the event Seller provides Buyer or Buyer provides Seller timely written notice of a major defect of any of the above required or selected items, the Seller shall notify Buyer within 5 calendar five (5) days of said notice whether Seller Seller: (a): ) intends to correct the major defect(s) at Seller's sole cost prior to settlement, (b): ) refuses to correct any of the major defects, or (c): ) offers to negotiate with Buyer about the major defects with such negotiations to be completed within 5 five (5) additional calendar days from date of Seller’s notification. If the negotiations are not completed in the time specified above or Seller fails to provide written notification, then this shall mean that Seller has refused to correct the major defect.

Appears in 1 contract

Samples: Agreement of Sale

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Seller’s Duties. In the event Seller provides Buyer or If Buyer provides Seller timely written notice of a major defect of any of the above required or selected items, the then Seller shall notify Buyer Buyer, within 5 calendar days of said notice Seller's receipt of Buyer's notice, whether Seller (a): intends to correct the major defect(s) at Seller's sole cost prior to settlement, (b): refuses to correct any of the major defects, or (c): offers to negotiate with Buyer about the major defects with such negotiations to be completed within 5 additional calendar days from date of Seller’s notificationdays. If the negotiations are not completed in the time specified above or Seller fails to provide written notification, then this shall mean that Seller has refused to correct the major defect.

Appears in 1 contract

Samples: images.kw.com

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