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What is a Purchase Contract?

April 26, 2017contract purchase

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What is a Purchase Contract?

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10 Posted

The Purchase Contract is basically a contract giving beneficiary rights to the investor of a specified unit or units. In Mexico, this contract must be in the legal language: Spanish. The contract also outlines the payment schedule, dates of delivery, size and location of the unit, and the size and location of the complex, amongst other details. Other names for the Purchase Contract are Hard Contract, Promissory Contract or Assignment of Beneficiary Contract.