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CONTRACT MANUAL Revised 6/2/2021 by (BIC), Sheldon Tata, Ray ProsekPart A Purchase Contract Table of Contents Page General Review of Purchase Contract. Appraisal Contingency Appraisal Lower than Sales

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Review the contract template to ensure you understand all sections and clauses.

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Fill in the necessary information such as names of parties involved, dates, and specific terms and conditions.

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Anyone entering into a legal agreement or contract with another party would need to have contract wording approved. This includes individuals, businesses, organizations, and government entities.

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Contract wording - approved refers to the specific language and terms in a contract that have been reviewed and accepted by the appropriate regulatory authority, ensuring that they meet legal and compliance standards.

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Information that must be reported includes the terms of the contract, definitions of key terms, coverage details, exclusions, and any other relevant provisions that are essential for the understanding of the contract.

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