Option Agreement For The Purchase Of Real Estate (Page 3 of 4) in pdf

13. Option Assignable. Owner agrees that Purchaser may [optional, “ may not, without the

written consent of Owner,”] assign this Option on or before Closing.

14. Miscellaneous

A. Entire Agreement. This Agreement embodies the entire agreement between the

parties and cannot be varied except by the written agreement of the parties.

B. Survival. All promises, representations and warranties intended to extend beyond the

closing date shall survive the Closing.

C. Notices. Any notice required or permitted to be delivered hereunder shall be deemed

to be delivered (a) when delivered, if personally delivered or by an overnight or other courier service, or

(b) whether or not actually received, when deposited in the United States mail, postage prepaid, certified

mail, return receipt requested, addressed to Seller or Purchaser, as the case may be, addressed as follows:

Seller:

__________________________

Purchaser:

__________________________

Such addresses may be changed from time to time by either party by providing written notice in the

manner set forth above.

D. Successors and Assigns. All of the terms and conditions of this Agreement are

hereby made binding on the successors and permitted assigns of both parties hereto.

E. Governing Law. This Agreement shall be governed by and construed in accordance

with the laws of the State of ______________, and venue for any disputes shall be in ________ County.

F. Attorneys' Fees. In the event that a legal action is brought to enforce the terms of

this Agreement, the prevailing party shall be entitled to collect its costs of court, including reasonable

attorneys' fees.

G. Severability. If any provision of this Agreement is held to be illegal, invalid or

unenforceable under present or future laws, such provision shall be fully severable, and this Agreement

shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised

a part of this Agreement, and the remaining provisions of this Agreement shall remain in full force and

effect and not be affected by the illegal, invalid or unenforceable provision or by its severance from this

Agreement, provided that both parties may still effectively realize the complete benefit of the transaction

contemplated hereby.

H. Amendments. No modification or amendment of this Agreement shall be effective

unless made in writing and executed by both Owner and Purchaser. In the event any approval or consent

is required pursuant to any provision of this Agreement, such approval or consent shall be deemed given

only if it is in writing, executed b the party whose approval or consent is required.

Option Agreement

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Option Agreement For The Purchase Of Real Estate Page 3