Unconditional Contract definition
Unconditional Contract means a Contract of Sale (in the form required by the Client) in respect of a Property, which satisfies all of the following requirements: the Contract of Sale (in a form approved by the Client) has been duly executed by the Client as attorney for the vendor and the Purchaser as purchaser; the executed Contract of Sale has been provided to solicitors for the vendor and Purchaser respectively; copies of the Purchaser/s’ passport or driver’s license and Medicare card (as the case may be) have been provided to the Client; the Deposit has been paid in full to the Client by way of cleared funds or bank guarantee on terms acceptable to the Client; and any conditions in the Contract have been satisfied.
Examples of Unconditional Contract in a sentence
The Referrer must have already entered into an Unconditional Contract of Sale or have already completed settlement of a Contract of Sale at the time of completing the Referral Form.