CORONAVIRUS OUTBREAK ANNOUNCEMENT
Please play the video & read the content below thoroughly
Please note, in response to the Coronavirus outbreak and its potential to affect your transactions. We are providing you this clause that can be added to the addendum that goes with the offer or counter offer. Please read the Clause & additional statement to add below:
Coronavirus Clauses – Standard
Buyers and Sellers are aware that one (both) of the Parties to this transaction is/are in areas that are affected by the Coronavirus outbreak. Therefore, that Party’s ability to adhere to contract time frames/deadlines may be impacted and out of their control. Parties agree that any delays in performing/closing due to the inability to sign documents or transmit paperwork will NOT be considered as a breach of the Purchase Agreement or failure to perform.
Additional Statement (Optional, please add when needed)
Sellers/Buyers have the option to cancel this agreement in ___ days if the situation does not improve or get resolved.
***You are strongly advised to attach an Addendum with the following wordings that goes with the offer or counter offer if the party you represented is in areas that are affected by the Coronavirus outbreak..***