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There may be facet agreements (e.g., holdover tenants, delivery contracts, fee holdback for unacceptable repairs), seller's right of first refusal for resale, declaration of trust, or other entity formation or consolidation (incorporation, limited partnership buyers, etc.). The place "time is of the essence," there have been instances where the entire deposit is forfeited (as liquidated damages ) if the conveyancing is delayed past the cut-off dates of the customer's contingencies, even when the acquisition is accomplished.
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