Thursday, September 12, 2024
The Purchase Agreement is the bedrock document of any commercial transaction. This seminar will take a deep dive into the purchase agreement by analyzing key provisions. Additionally, sessions will explore the essential steps before entering into an agreement and considerations for closing.
Plus, attendees will receive a sample purchase agreement and sessions will cover 20+ key provisions from the sample agreement.
8:30 – 9:00 a.m.
CHECK-IN & CONTINENTAL BREAKFAST
9:00 – 9:05 a.m.
WELCOME & INTRODUCTION
9:05 – 9:50 a.m.
Overview of the Commercial Real Estate Transaction
What is a Commercial Transaction? Who are the Key Players? What is the Process and Timeline Like? What are the Key Documents? What Types of Properties Fall Under the Commercial Umbrella? And Much More!
– Marvin A. Liszt
9:50 – 10:50 a.m.
Considerations Before You Draft the Purchase Agreement
Understanding “The Deal” and How to Use Letters of Intent, Options, and Other Tools of the Trade
– Shannon D. Hoagland
10:50 – 11:00 a.m.
BREAK
11:00 a.m. – 12:00 p.m.
The Purchase Agreement – Part I
Definitions, Parties, Property to be Acquired, Pro-Rations, Purchase Price, Earnest Money, Type of Deed, Title Examination
– Greta L. Bjerkness & Scott M. Lucas
12:00 – 12:45 p.m.
LUNCH BREAK (on your own)
12:45 – 1:45 p.m.
The Purchase Agreement – Part II
Contingencies, Inspection, Representations and Warranties, Zoning Approvals, Environmental Assessment, Costs and Commission
– Sara N. Wilson
1:45 – 2:45 p.m.
The Purchase Agreement – Part III
Closing, Casualty Loss, Condemnation, Assignment, Default, Termination, Remedies, Miscellaneous, Extension
– Katherine A. Johnson & Anne M. Paterson
2:45 – 2:55 p.m.
BREAK
2:55 – 3:55 p.m.
Title Commitments, Objection Letters, and Title Policies in Commercial Real Estate Transactions
– David LaBerge
3:55 – 4:10 p.m.
Key Points to Remember for the Commercial Closing
– Marvin A. Liszt