Re: escrow services / buying a car
The basic conditions I'm trying to cover are this:
1. if he purchases a vehicle, I have the right to buy it
2. if I decide not to buy the vehicle, he can keep the deposit
3. if he is unable to purchase a vehicle in a set time frame, I would receive the deposit back
Anything else I should cover?
This seems to be a pretty basic option contract, with the exception of that 3rd point. Also though, I'd be a little worried about signing an option contract with some unknown guy - should I bother to use an escrow service?
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