Buyer’s Initials _______ Seller’s Initials _______
Enforcement of this Agreement to arbitrate shall be governed by the Federal
c.) Exclusions. The following matters shall be excluded from the mediation and
arbitration: (i) a judicial or non-judicial foreclosure or other action or proceeding
to enforce a deed, mortgage or installment land sale contract as defined in
accordance with State law; (ii) an unlawful detainer action, forcible entry
detainer, eviction action, or equivalent; (iii) the filing or enforcement of a
mechanic’s lien; and (iv) any matter that is within the jurisdiction of a probate,
small claims or bankruptcy court. The filing of a court action to enable the
recording of a notice of pending action, for order of attachment, receivership,
injunction, or other provisional remedies, shall not constitute a waiver or
violation of the mediation and arbitration provisions of this Section.
XXIII. Governing Law. This Agreement shall be interpreted in accordance with the laws
in the State of Missouri.
XXIV. Terms and Conditions of Offer. This is an offer to purchase the Property in
accordance with the above stated terms and conditions of this Agreement. If at least one,
but not all, of the Parties initial such pages, a counteroffer is required until an agreement
is reached. Seller has the right to continue to offer the Property for sale and to accept
any other offer at any time prior to notification of acceptance. If this offer is accepted and
Buyer subsequently defaults, Buyer may be responsible for payment of licensed real
estate agent(s) compensation. This Agreement and any supplement, addendum or
modification, including any copy, may be signed in two or more counterparts, all of which
shall constitute one and the same writing.
XXV. Binding Effect. This Agreement shall be for the benefit of, and be binding upon,
the Parties, their heirs, successors, legal representatives, and assigns, which therefore,
constitutes the entire agreement between the Parties. No modification of this Agreement
shall be binding unless signed by both Buyer and Seller.
XXVI. Severability. In the event any provision or part of this Agreement is found to be
invalid or unenforceable, only that particular provision or part so found, and not the entire
Agreement, will be inoperative.
XXVII. Offer Expiration. This offer to purchase the Property as outlined in this
Agreement shall be deemed revoked and the Earnest Money shall be returned unless
this Agreement is signed by Seller and a copy of this Agreement is personally given to
the Buyer by ______________________, 20____ at ____:____ ☐ AM ☐ PM.
XXVIII. Acceptance. Seller warrants that Seller is the owner of the Property or has the
authority to execute this Agreement. Therefore, by the Seller’s authorization below,
he/she/they accepts the above offer and agrees to sell the Property on the above terms
and conditions and agrees to the agency relationships in accordance with any
agreement(s) made with licensed real estate agent(s). Seller has read and
acknowledges receipt of a copy of this Agreement and authorizes any licensed real
estate agent(s) to deliver a signed copy to the Buyer.