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The buyer pays between 5% and 10% of the selling price on signing the preliminary sale agreement. If either party cancels the sale, the other may take legal action and claim damages. In legal terms, the preliminary sale agreement therefore has the status of a final sale. In the preliminary sale agreement (or "bilateral promise to sell"), the seller and buyer both agree to conclude the sale at a jointly determined price. Promisiune bilaterala de vanzare-cumparare English translation: bilateral promise to sellīilateral promise to sell / preliminary sell agreement
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