News & Analysis as of

Purchase and Sale Agreements

Dorsey & Whitney LLP

Navigating the WARN Act: Strategic Workforce Planning in Hotel Transactions

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Whether and when to notify employees about a hotel sale is often overlooked during hotel acquisitions and is often viewed as solely an HR matter. In practice, however, compliance with mandatory employee notification...more

Shutts & Bowen LLP

Right of First Refusal and Right of First Offer: What Are They and Why Should You Care?

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Rights of first refusal (“ROFR”) and rights of first offer (“ROFO”) are restrictive covenants that a property owner (“Owner”) can place on their property granting a third party (“Holder”) the right to purchase that property...more

Gould + Ratner LLP

Ten Mistakes Buyers Make When Negotiating Letters of Intent in Commercial Real Estate Transactions in Illinois

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In Chicago and throughout Illinois commercial real estate acquisitions, the letter of intent (LOI) often sets the tone for the transaction. A weak LOI often creates two negotiations. First, you negotiate the LOI, then you...more

Bilzin Sumberg

What Loan Sellers Need to Know Before Signing a Residential Mortgage Loan Purchase Agreement

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Mortgage loan purchase agreements govern the sale of residential loans from originators to purchasers in the secondary market. The parties seeking to purchase loans typically are the drafters of these agreements, and thus the...more

Levenfeld Pearlstein, LLC

Why Do Lawyers Draft That Way? The Earnest Money Liquidated Damages Clause

Why do lawyers draft that way? Sometimes habit. Sometimes market. Rarely because anyone checked the case law. What the Clause Is Supposed to Do- When a buyer and seller sign a purchase and sale agreement in a real...more

Thompson Coburn LLP

Due Diligence Checklist for Commercial Real Estate Acquisitions - UPDATED

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Due diligence is a comprehensive, complex, and critical stage in any commercial real estate acquisition. You don’t want to leave any stone uncovered, and you want the most time available to review all documents and look for...more

Bradley Arant Boult Cummings LLP

Earnout Burnout: Drafting Earnout Agreements to Minimize Disputes Following the Sale of Private Companies

Private company buyers and sellers are more frequently using earnout provisions to help close the gap when they disagree over the price to be paid for the purchase/sale of the company....more

Lowndes

Florida Residential As-Is Contract Series | Part 1: Identifying the Parties

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For residential sales transactions in Florida, one contract form gets used more than any other –the Florida As Is Residential Contract for Sale and Purchase.  The drafters intended it to be simple: just fill in the blanks. ...more

Baker Donelson

Key Points in Commercial Real Estate Purchase and Sale Contracts: Negotiating Covenants Between Signing and Closing, and...

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In a multipart series, we're examining important points to consider when negotiating commercial real estate purchase and sale contracts from the perspectives of buyers and sellers. Our prior posts addressed negotiating...more

McDonald Hopkins

Ambulatory surgery center real estate and M&A: A practical roadmap for physicians and investors

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Ambulatory surgery centers (ASCs) sit at the intersection of healthcare operations, real estate, and a fast‑changing regulatory landscape. For physicians and investors, that means every ASC project is really two deals running...more

Goodwin

Why Senior Housing Requires a Different Playbook for Acquisitions

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Senior housing transactions sit at the intersection of real estate, healthcare regulation, and resident care, making them fundamentally different from other commercial real estate transactions. Institutional investors are...more

Holland & Knight LLP

Reform of the Civil Code of Nuevo León Mexico Regarding Real Estate Pre-Sales

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The Plenary of the Congress of the State of Nuevo León in Mexico recently approved a reform to the local civil code through which the figure of real estate pre-sales is expressly regulated, a practice widely used in projects...more

Burr & Forman

Purchase and Sale Agreement Considerations When Transferring an Alcoholic Beverage License in Alabama

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The Alabama Alcoholic Beverage Board, or the ABC, is the agency that issues licenses to manufacture, sell at wholesale, and sell at retail alcoholic beverages including beer, wine, and spirits.  Each license that is granted...more

Schwabe, Williamson & Wyatt PC

New Washington Appraisal Law: How RCW 61.40.010 May Impact Off-market Deals

As of January 1, 2026, a significant change to Washington real estate law has taken effect that may directly impact how buyers approach off-market acquisitions—specifically, RCW 61.40.010 creates a new “appraisal...more

McGinnis Lochridge

Texas Business Court Clarifies Amount in Controversy Calculation for Periodic Royalty Claims: Lessons from Black Mountain SWD v....

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The Texas Business Court has made it clear that in order to satisfy its amount in controversy jurisdictional threshold when only unpaid royalties are sought under a breach of contract claim, the amount in...more

Vedder

Aircraft Trading 101: Don’t Wing It – A Strategic Introduction to Aircraft Trading

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With aircraft trading having surged post-pandemic, this Aircraft Trading 101 guide distils the essentials of aircraft acquisitions and disposals looking at title transfers, aircraft positioning, airline negotiations, due...more

Blake, Cassels & Graydon LLP

Tendances en matière de déclarations et de garanties dans les conventions d’achat de biens immobiliers

Depuis le début de la pandémie de COVID-19, de plus en plus d’éléments que l’on trouve couramment dans des opérations de fusion et acquisition (« F&A ») sont intégrés aux opérations immobilières. En raison des perturbations...more

Seyfarth Shaw LLP

Texas Business Court Signals Commercial Approach to Contract Doctrine in Early Decision - City Choice Group, LLC v. TMC Grand Blvd...

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In one of the first written opinions from the Texas Business Court interpreting Texas contract law, City Choice Group, LLC v. TMC Grand Blvd Land Company, LLC (“City Choice”), the Court’s analysis offers early insight into...more

Troutman Pepper Locke

Integration Clause Without Anti-Reliance Provision Precludes Fraud Claims Where Extra-Contractual Misrepresentation Directly...

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In Park7 Student Housing, LLC v. PR III/Park7 SH Holdings, LLC, the Delaware Court of Chancery held that a purchase agreement’s integration clause, which lacked anti-reliance language, barred the buyer’s fraudulent inducement...more

Marshall Dennehey

Legal Updates for Real Estate E&O – Case Law Update - November 2025

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Ohio Supreme Court Clarifies Sellers’ Disclosure Obligations: No Duty to Disclose Publicly Recorded Easements - Ashmus v. Coughlin, 2025-Ohio-2412 - The Ohio Supreme Court has ruled that sellers are not required to disclose...more

Adams & Reese

No Clear Title, No Closing: The Danger of Uncured Code Enforcement Liens for Buyers and Sellers of Florida Real Estate

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Uncured code liens prevent the seller from delivering marketable title, which is a mandatory requirement that can cause the entire transaction to fail. Sellers must proactively identify and secure final, fully-executed...more

Baker Donelson

Key Points in Commercial Real Estate Purchase and Sale Contracts: Negotiating the Due Diligence Period

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In a multipart series, we're examining important points to consider when negotiating commercial real estate purchase and sale contracts from the perspectives of buyers and sellers. The first post in our series offered...more

Baker Donelson

Key Points in Commercial Real Estate Purchase and Sale Contracts: Negotiating the Payment of Purchase Price and Deposit

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In a multipart series, we're examining important points to consider when negotiating commercial real estate purchase and sale contracts from the perspectives of buyers and sellers. This first post in our series offers...more

Gray Reed

Texas Venue Selection Statute Requires $1 Million on Its Face to be a Major Transaction

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Defendants – five oil and gas operators – challenged a venue selection clause requiring that suits be filed in Nueces County for disputes over La Salle County acreage. In In re INEOS USA Oil & Gas LLC, a Texas Court of...more

Lowndes

Due Diligence Considerations When Acquiring Distressed Real Estate

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If you are considering buying distressed real estate, taking the time to thoroughly evaluate the property is one of the most important steps you can take to protect your investment. This process, known as due diligence,...more

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