This is the “Acceptance” paragraph:
“THIS AGREEMENT HAS BEEN READ AND FULLY UNDERSTOOD BY ME, I ACCEPT THE TERMS OF THIS AGREEMENT AND I ACKNOWLEDGE ON THIS DATE I HAVE SIGNED UNDER SEAL. Any representations contained herein or as shown on any accompanying data form respecting the Property are true to the best of my knowledge, information and belief.
SIGNED, SEALED AND DELIVERED I have hereunto set my hand and seal:
_________________________________ ______________ ______________
(Signature of Seller) (Seal) (Date) (Tel. No.)
_________________________________ ______________ _______________
(Signature of Seller) (Seal) (Date) (Tel. No.)
Review
Set out below and marked in bold and italics are those words that are inserted by me to assist in the review. They are not set out in the clause itself. Let’s look at that paragraph in a little more detail:
“THIS AGREEMENT HAS BEEN
Understanding
READ AND FULLY UNDERSTOOD BY ME,
Acceptance of the Terms
I ACCEPT THE TERMS OF THIS AGREEMENT AND
Signed under Seal
I ACKNOWLEDGE ON THIS DATE I HAVE SIGNED UNDER SEAL.
Representations
Any representations contained herein
or as shown on any accompanying data form respecting the Property
Representations Qualified
are true to the best of my knowledge, information and belief.
Execution
SIGNED, SEALED AND DELIVERED I have hereunto set my hand and seal:
Signature, Seal Date and Telephone Number
COMMENT
This paragraph deals with the signing and execution of the document. It also contains a statement that the “representations” contained in this Agreement together with the Data Form are “true”, but that is qualified by “to the best of my knowledge and belief” which is an obvious step down in terms of legal liability. This is significant because the representations cannot really be relied upon.
Brian Madigan LL.B., Broker