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What is the compromis?

compromis
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What is the compromis?

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The compromis (also known as the promesse bilatrale de vente) is the most commonly used form of binding contract by which the seller agrees to sell and the buyer agrees to buy the property upon the terms and price set out in the contract. We strongly recommend that you do not sign anything until your legal adviser in your home country has reviewed the documents and advised you on its terms and effect. If you sign any document without independent advice you will find yourself bound to purchase the property on the agreed terms.

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