Commercial Purchase and Sale Agreement
(Long Form) (MD)

Summary

This purchase and sale agreement template may be used to purchase and sell commercial property in Maryland. This template includes practical guidance, drafting notes, and alternate and optional clauses. The length and specificity of a purchase and sale agreement varies depending on the size, type, and complexity of the property being acquired or sold, as well as the relative bargaining power of the parties. This template is suggested for use in Maryland; however, local counsel should be engaged to ensure that all state-specific requirements are met and that the purchase and sale agreement complies with Maryland law in all regards. For more on purchasing and selling commercial real property, see Purchasing and Selling Commercial Real Estate Resource Kit. See also Junior Associate Real Estate Resource Kit (Commercial Purchase and Sale). For a list of key resources covering real estate-related tasks for associates, in-house attorneys, and interns, see First Year Associate Resource Kit: Real Estate, Summer Associate Resource Kit: Real Estate, In-House Real Estate Resource Kit, and Federal Government Summer Intern Resource Kit: Real Estate.