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PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREE) EQUAL HOUSING OPPORTUNITY120511ADDENDUM FOR BACKUP CONTRACT TO CONTRACT CONCERNING THE PROPERTY AT(Address of Property)A. The contract to which
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A backup contract is a secondary contract that is put in place in case the primary contract falls through for some reason.
The parties involved in the primary contract may be required to file a backup contract.
A backup contract should include similar terms and conditions as the primary contract, but with the added clause that it only comes into effect if the primary contract is terminated.
The purpose of a backup contract is to provide a safety net in case the primary contract cannot be fulfilled.
The backup contract should specify the conditions under which it will become active, the parties involved, and any additional terms or obligations.
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