BACK UP
OFFER ADDENDUM
This
Contract, known as a "Back Contract" is contingent upon the
termination of all contractual rights and/or obligations specified in the
Contract to Purchase dated ___________________ (Date) referred to as "Prior
Contract", for the purchase and sale of the property in the Contract to
Purchase. This Contract shall become
binding upon the parties when the "Prior Contract" is legally
terminated and is null and void and without force.
This
"Back Contract" becomes null and void with the closing of the
"Prior Contract", with no liability to the Seller or Buyer and with
earnest money returned to the Buyer.
Nothing
herein shall prevent the Seller from extending the time of closing of the
"Prior Contract", but not to exceed 15 (fifteen) days.
The
Buyer shall have the right, in his sole discretion, to revoke this "Back
Contract" at any time before the "Prior Contract" is either
fulfilled or terminated.
Date: _____________________
___________________________ ____________________________
Buyer Seller
___________________________ ____________________________
Buyer Seller
