KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER ECUADOREAN LAW -
I. STANDARD FORMS OF AGREEMENTS -
A. Offer to Purchase sets forth Buyer’s offer of price, date for closing, contingencies for inspections, financing etc. and date for signing a formal Promise of Purchase and Sale agreement, which for validity has to be a notary public deed.
B. Promise of Purchase and Sale Agreement sets forth the complete terms of the purchase and sale...
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