If the dispute cannot be resolved through mediation, then the dispute will be resolved through binding arbitration conducted in accordance with the rules of the American Arbitration Association. This Agreement shall be govered by and construed in accordance with the laws of the State of New York, without giving effect to the conflict of laws principles thereof.Īny dispute arising from this Agreement shall be resolve through mediation. Seller expressly disclaims any representations or warranties as to the value, condition, or functionality of the Property or its suitability for any particular purpose and buyer will have no recourse against Seller for the Property. Seller also represents that the Property is free from any lien or encumbrance. Seller makes no other representations or warranties concerning the Property, which is being sold and assigned "as is," and without any warrant of merchantability or fitness for a particular purpose.
The Seller represents and warants that he has good and marketable title to the Property and full authority to sell the Property. If delivery is to be made at a date after the Effectivity date, the Seller shall ensure that the property is delivered in the same condition as when last inspected by Buyer. Seller will pay all personal property taxes associated with ownership of the Property and accrued for the period ending on the Effective Date and buyer wil pay all such personal property taxes that accrue thereafter.īuyer will be entitled to take possession of the Property on Wednesday, Janu. Buyer will also pay all required sales and use taxes and other transfer costs and expense which may arise resulting from the transfer of the Property.
The Buyer shall be responsible for filing all required sales and use tax returns in connection with the transfer of the Property. For good value and consideration, the Seller agrees to sell, and the Buyer agrees to buy the subject property described herein.
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