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  1. #1
    Join Date
    May 2019
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    2

    Question What is a Contemplated Transaction

    My question involves business law in the state of:
    What is 'contemplated transaction' and what are differences between this concept and contracts?
    I want to know the legal consequences of this item; In a reservation form, there is not any definition for it.

  2. #2
    Join Date
    Oct 2014
    Posts
    7,288

    Default Re: Contemplated Transaction

    Quote Quoting Tooba
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    My question involves business law in the state of:
    What is 'contemplated transaction' and what are differences between this concept and contracts?
    I want to know the legal consequences of this item; In a reservation form, there is not any definition for it.
    In what state or country are you located? In the U.S. a contemplated transaction merely means a transaction that someone is thinking about entering into. It has no particular legal significance.

  3. #3
    Join Date
    Mar 2013
    Posts
    16,953

    Default Re: Contemplated Transaction

    Quote Quoting Tooba
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    My question involves business law in the state of:
    What is 'contemplated transaction' and what are differences between this concept and contracts?
    I want to know the legal consequences of this item; In a reservation form, there is not any definition for it.
    What kind of transaction?

    What is the purpose of the "reservation form"?

    And in what context is the phrase "contemplated transaction" used.

  4. #4
    Join Date
    May 2019
    Posts
    2

    Default Re: Contemplated Transaction

    In the reservation form to buy a building unit and it had a payment schedule (installment amount)
    In 'the agreement of sale clause: "purchaser hereby undertake to promptly enter into an agreement of sale for the above unit upon presentation of the same to Purchaser by Seller or its agents, whereupon the items of such sale shall be governed by such Agreement of Sale. until such time as Purchaser and Seller enter into Agreement of Sale, this reservation form shall govern the contemplated transaction. "

    thank you
    Emirate of Dubai

  5. #5
    Join Date
    Mar 2013
    Posts
    16,953

    Default Re: Contemplated Transaction

    Dubai?

    This site is devoted to US law so any comment would be an extremely wild guess.

    But it seems to me that the "contemplated transaction" is your eventual purchase of the property and whatever agreement you are signing now binds you to the terms and conditions of the purchase.

    I strongly suggest you consult a local attorney who can review your situation and properly advise you.

  6. #6
    Join Date
    Jul 2018
    Posts
    1,395

    Default Re: What is a Contemplated Transaction

    Quote Quoting Tooba
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    What is 'contemplated transaction' and what are differences between this concept and contracts?
    "Contemplate" and "transaction" are commonly and easily understood English words. You can look up their meanings in a dictionary. A contract is a mutual agreement supported by consideration.

    If that doesn't answer your question, you'll need to be more clear about what you're asking.

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