DISCLOSURE-TRANSFER TO THIRD PARTY-Assorted Legal Forms

Your disclosure for transfer to third party

Nobody ever wants to get involved in a court case. That’s why a large amount of cases are settled before trial. But still a lot of cases are taken to the court, and if such a case involves you then you will have to be very careful about it. You will have to create all the documents with great care and then disclose them to the other side. Among the most important documents in this is the one that involves transfer to third party. Any error in this document can lead to big problems. You can reduce the risk if you use one of the following ways.

• The most common method is to hire a lawyer for this job. He will take all the essential details from you and will arrange it in a proper format accepted by the court. You will not have to worry about anything. You will just have to pay the lawyer.
• All the commonly used documents can be easily found on the internet. There are numerous examples and sample formats for them online. You just need to download one of the samples and make some edits. Then you just need the print out and you are good to go.
• To make things even easier, you can use one of the several web based tools for creating a document. You will have to fill out a form with all the details needed in the document. When you will hit the final button, a well arranged document will be generated.

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AFFIDAVIT  OF  ACKNOWLEDGEMENT  AND  HOLD
HARMLESS  FROM  TRANSFER  OF  PROPERTY  TO  THIRD  PARTY

STATE  OF ___________________________
COUNTY  OF ___________________________

BEFORE ME, the undersigned authority, on this day personally appeared ___________________________________ who being first duly sworn, depose and say that:

According to an agreement dated ______________________ (hereinafter “Agreement”), Affiants (hereinafter “Seller”) have voluntarily agreed to sell property located at ___________________________ to ___________________________ (hereinafter “Buyer”).

Affiants acknowledge and understand Buyer’s intention to convey Buyer’s interest in the Property to a third-party buyer (hereinafter “Third Party Buyer”) who shall be any party selected at any time by Buyer according to similar criteria used by Seller to qualify Buyer.  Said qualification criteria are specified in the Agreement.

Affiants acknowledge and understand that Buyer’s right to convey Buyer’s interest in the Property to a Third Party Buyer may be exercised at any time, now or in the future.

Affiants acknowledge and understand that Buyer’s conveyance of Buyer’s interest in the Property to Third Party Buyer may be subject to some or all of the loans and other encumbrances to which the property is subject as of the date of this document.  Third Party Buyer shall not be required to assume said loans or pay off said loans.  Affiants expressly consent to Buyer’s conveyance of Buyer’s interest in the Property to Third Party Buyer, and that no agreements between Buyer and Affiant prohibits or otherwise hinders Buyer’s right to such conveyance.

Affiants acknowledge and understand that Third Party Buyer qualifies as a “future purchaser” in the context of the AFFIDAVIT OF ACKNOWLEDGEMENT AND HOLD HARMLESS FROM ASSUMPTION OF DUE ON SALE and in the context of the AFFIDAVIT AND ACKNOWLEDGEMENT OF DEBT AND CONDITIONAL RELEASE OF LIABILITY otherwise executed by Affiants.

Affiants acknowledge and understand that upon Buyer’s conveyance of its interest in the Property to any Third Party Buyer, Seller completely releases and absolves Buyer (and Buyer’s heirs, executors, administrators and assigns) of any and all liability, claims, causes of action or losses related in any way to Buyer’s past relationship or covenants with Affiants.

Affiants expressly agree that this instrument may be treated as a defense to any action or proceeding that may be brought, instituted, or taken by Affiants or on their behalf, and shall for ever be a complete bar to the commencement or prosecution of any action or proceeding whatever against the Buyer, Buyer’s assigns, and Buyer’s employees/officers/ representatives.

FURTHER AFFIANTS SAYETH NOT.

_______________________________________________________________(Seal)
Affiant

_______________________________________________________________(Seal)
Affiant

Sworn to and described before me this ______ day of _______________, 20____.

________________________________        ____________________________________
Witness                        Notary Public

(Seal)