Contract drafting time

Collapse

Announcement

Collapse
No announcement yet.
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Contract drafting time

    Hey all-

    Question:

    Writer's reps and buyers' reps reach an agreement on deal points. (took forever).

    now the buyers' lawyers are getting a contract together.

    what is an acceptable length of time for this process? 1 month? 8 weeks? 6 months?

    I know from previous experience that it can take FOREVER. I would just love to know when it's time to start pinging people.

  • #2
    Re: Contract drafting time

    My attorney at Myman Greenspan just negotiated an option purchase agreement for me. She told me upfront it would take 4 to 6 weeks to finalize. I just signed the final agreement yesterday. It turned out to be 6 weeks to the day.

    Comment


    • #3
      Re: Contract drafting time

      thank you.
      and how soon after both parties have signed the contract do you (the writer) expect payment? I am assuming it goes through your reps, who deduct their commission before passing the $ on to you

      Comment

      Working...
      X