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Do purchase contracts for Panama real estate transactions need to be in Spanish, in order for them to be legally enforceable in Panama?

April 26, 2017contracts Enforceable legally panama purchase Real Estate Spanish transactions

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Do purchase contracts for Panama real estate transactions need to be in Spanish, in order for them to be legally enforceable in Panama?

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No. The law does not require a buy/sell contract to be in Spanish to be legally enforceable, however, if there is ever a dispute over the transaction in a court of law in the Republic of Panama, then the court will require that the contract be translated to the Spanish language by an official (licensed) translator of that language. When we prepare buy/sell contracts, we always prepare the original in Spanish, and we provide our clients with an official English translation of the contract.