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Agreement of Purchase and Sale (Confirmation of Acceptance)
Agreement of Purchase and Sale (Confirmation of Acceptance)
By Brian Madigan LL.B.
(Ontario Real Estate Source)
The Confirmation of Acceptance clause in a standard form agreement is of recent origin. However, it is a very worthwhile statement.
It is indicative of the fact that the offer or counter offer was accepted within the time limited for acceptance, namely the ‘irrevocable date", and "time".
Let's have a look at the standard form agreement of purchase and sale and see what it says in that regard to confirmation of acceptance:
"CONFIRMATION OF ACCEPTANCE: Notwithstanding anything contained herein to the contrary, I confirm this Agreement with all changes both typed and written was finally accepted by all parties at____a.m./p.m. this_____day____of_____20___
______________________
(Signature of Seller or Buyer)"
Let's have a look at each line, thought, or partial sentence by a letter of the alphabet for later review:

"CONFIRMATION OF ACCEPTANCE:
A) Notwithstanding anything contained herein
B) to the contrary,
C) I confirm this Agreement
D) with all changes
E) both typed and written
F) was finally accepted by all parties
G) at____a.m./p.m. this_____day____of_____20___
H) (Signature of Seller or Buyer)
So, now let's have a look at each of the sentences or partial sentences and see what we come up with.
A) Notwithstanding anything contained herein
The intention is ... more

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