PURCHASE AGREEMENT CLAUSES

Find everything that has to happen before the sale closes

Closing conditions are the things each party must deliver or satisfy before the sale can complete: signed documents, funds, clear title, approvals, payoff of existing debts or confirmation that statements made earlier are still true. Ask Search+ to list the conditions for each party, and open each citation to read what exactly must be delivered and by when.

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Last updated October 2026

How to check closing conditions with Search+

  1. Upload the agreement and the closing documents

    Add the purchase agreement and any closing checklist, title commitment or lender instructions. Conditions are often fulfilled by these other documents.

  2. Ask for each party's conditions separately

    Ask "What must the seller deliver at closing?" and then "What must the buyer deliver?" Each list usually sits in its own section.

  3. Ask what happens if a condition fails

    Ask whether a party may terminate or extend if a condition is not met. Open the citation to read the consequence and any notice it requires.

Questions about closing conditions

Seller deliveries

What documents must the seller deliver at closing?

Buyer deliveries

What must the buyer deliver, apart from the purchase price?

Title

Does closing depend on the seller delivering clear title, and how is that defined?

Bring-down

Must the seller confirm that its earlier statements are still true at closing?

Failure

If a condition is not satisfied, can either party terminate or delay closing?

What to look for in closing conditions

Conditions versus covenants

A condition is something that must be true for closing to happen; a covenant is a promise to do something. The difference affects what happens if it is not met.

Each party's list

Agreements usually list the buyer's conditions and the seller's conditions separately. A condition in one party's favor can often be waived by that party.

Bring-down of statements

Many agreements require the seller's representations to remain true at closing. Check how strictly that is worded.

Outside dates

If closing has not happened by a set date, a party may be able to terminate. Find that date and any extension right.

Every condition cited

Search+ cites the clause for each condition it reports, with a section reference when the agreement has one, so you can check the list against the text.

Closing condition wording and what to ask

Wording you may seeWhat it usually signalsA follow-up question
"Conditions to the Obligations of Buyer"Conditions in the buyer's favorCan the buyer waive any of them?
"shall deliver at Closing"A required deliveryIn what form must it be delivered?
"true and correct as of the Closing Date"A bring-down requirementIs it subject to a materiality qualifier?
"Outside Date"A deadline for closingWhat happens if closing has not occurred by then?
"marketable title" or "insurable title"A title standardHow is acceptable title defined?

What are closing conditions?

Closing conditions are the requirements in a purchase agreement that must be satisfied, or waived, before the parties are obliged to complete the sale.

Contingencies are a related idea, used especially in home purchases, that give a buyer a right to withdraw if something such as financing or an inspection is not satisfactory. Closing conditions cover everything both sides must have in place at closing.

Questions about closing conditions

Can Search+ build a list of closing deliveries?
Ask what each party must deliver at closing. The answer cites each clause; compare it with your closing checklist, since an AI list can be incomplete.
Will it tell me which conditions can be waived?
Ask which conditions are for the buyer's benefit and which for the seller's, and whether either can waive them. The cited wording shows any waiver right.
Can it find the outside date?
Ask for the latest date by which closing must occur and what happens after it. The answer cites the clause.
Can it read the title commitment too?
Yes, if it is uploaded to the same workspace. Ask how the title requirements in the commitment relate to the agreement's title condition.
Will Search+ tell me whether a closing condition has been met?
No. It is not legal advice. Search+ helps you find and read the conditions; your lawyer or closing agent can tell you whether they are met.

Walk into closing with the list in hand

Start a workspace, upload the agreement, and ask what each side must deliver.

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