Having no
legal force, binding power,
validity or effect. Such
term is commonly found in the agreement of
purchase and sale of a property and involves
a
condition and a related
waiver.
For Example;
unless the buyer gives notice in
writing to the seller by 11:59 p.m. on the
1st day of (month), 20xx, that this
condition is fulfilled, this offer shall be
null and void and the deposit shall be
returned to the buyer in full without
deduction ... .
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