Common use of No Authority to Bind Clause in Contracts

No Authority to Bind. No Broker or affiliated licensee of Broker, by virtue of this status, shall have any authority to bind any party hereto to any contract, provisions therein, amendments thereto, termination thereof or to notices signed by ▇▇▇▇▇▇ but not the party. However, if authorized in this Agreement, ▇▇▇▇▇▇ shall have the right to accept notices on behalf of a party (but not send notices from Broker on behalf of a party unless they are signed by the party). Additionally, any Broker or real estate licensee involved in this transaction may perform the ministerial act of filling in the Binding Agreement Date. In the event of a dispute over the Binding Agreement Date, it shall be resolved by a court or arbitrator having jurisdiction over the dispute, by the written agreement of the Buyer and Seller, or by the Holder but only in making a reasonable interpretation of the Agreement in disbursing ▇▇▇▇▇▇▇ money.

Appears in 9 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

No Authority to Bind. No Broker or affiliated licensee of Broker, by virtue of this status, shall have any authority to bind any party hereto to any contractcon ract, provisions therein, amendments thereto, termination thereof or to notices signed by ▇▇▇▇▇▇ Broker but not the party. However, if authorized in this Agreement, ▇▇▇▇▇▇ Broker shall have the right to accept notices on behalf of a party (but not send notices from Broker on behalf of a party unless they are signed by the party). Additionally, any Broker or real estate licensee involved in this transaction may perform the ministerial act of filling in the Binding Agreement Date. In the event of a dispute over the Binding Agreement Date, it shall be resolved by a court or arbitrator having jurisdiction over the dispute, by the written agreement of the Buyer and Seller, or by the Holder but only in making a reasonable interpretation of the Agreement in disbursing ▇▇▇▇▇▇▇ money.

Appears in 1 contract

Sources: Land Purchase and Sale Agreement

No Authority to Bind. No Broker or affiliated licensee of Broker, by virtue of this status, shall have any authority to bind any party hereto to any contract, provisions therein, amendments thereto, termination thereof or to notices signed by ▇▇▇▇▇▇ Broker but not the party. However, if authorized in this Agreement, ▇▇▇▇▇▇ Broker shall have the right to accept notices on behalf of a party (but not send notices from Broker on behalf of a party unless they are signed by the party). Additionally, any Broker or real estate licensee involved in this transaction may perform the ministerial act of filling in the Binding Agreement Date. In the event of a dispute over the Binding Agreement Date, it shall be resolved by a court or arbitrator having jurisdiction over the dispute, by the written agreement of the Buyer and Seller, or by the Holder but only in making a reasonable interpretation of the Agreement in disbursing ▇▇▇▇▇▇▇ earnest money.

Appears in 1 contract

Sources: Purchase and Sale Agreement