Introduction to Commercial Real Estate Purchase Agreements: Building Blocks, Pre-Drafting Considerations for Buyers and Sellers (Part 1 of 2)
Purchasing and selling commercial real estate is often a lengthy and complex process. While there are considerations and terms common to many transactions, there are also unique issues to be contemplated by counsel for buyers and sellers before even drafting the agreement.
Factors influencing terms that will eventually be incorporated in the PSA include, among others, industry-specific issues, jurisdictional considerations, property type and location, financing, and how quickly the parties are seeking to close. Counsel should understand pre-drafting considerations to drive contract negotiation to best protect their clients’ interests.
In this CLE webinar, Hodgson Russ Partner Rich Slavin guides new attorneys through PSA pre-drafting considerations for buyers and sellers including issues unique to commercial sales transactions and what to expect when entering a deal, how to establish a deal timeline, and what should be included in the letter of intent.
