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Assignment Description: Draft a Contract.
Hannah Abbott, Katie Bell, and Justin
Assignment Description: Draft a Contract.
Hannah Abbott, Katie Bell, and Justin Finch form a corporation and call it “Wizards on Waverly, Inc.” (aka WOW, Inc.). WOW, Inc. wants to open a store that sells wands, brooms, potions, spell books, and all things needed to perform magic. You work as a paralegal for the law firm of Potter & Granger. WOW, Inc. has retained Mr. Potter as their corporate attorney.
WOW, Inc. wants to purchase a building for $1,000,000.00 located at 1234 Waverly Street, Dumbledore, Maine 04774. The building is owned by Lord V. Investments, Inc. WOW, Inc. has agreed to deposit $200,000.00 (Earnest Money) with Hagrid Title Company (Escrowee) within 2 days of the execution of the agreement.
Your supervising attorney, Mr. Potter, has asked you to draft the contract for the sale of the building. Use the Real Estate Purchase Agreement form provided.
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