BACKUP CONTRACT ADDENDUM
This Contract, if accepted by all Parties, shall be a Back Up (Non-Primary) Contract. This Contract is contingent upon all
presently pending contracts not being enforceable and no lawsuits resulting. If any presently pending contracts close or this
Contract does not become the Primary Pending Contract by EST on
, this Contract will be null and void with no action required by either Party. Any Back Up Contract shall become the
Primary Contract when its earliest date of fully negotiated terms is the earliest date of all pending contracts and all previously
dated contracts have become null and void, unenforceable or released. The date this Contract is Primary and Parties have
Notice is the Back Up/Primary Effective Date. Seller will provide Buyer Notice that they are the primary contract using SCR
Form 546. If this Contract becomes the Primary Contract, the Parties agree that Closing Date shall be adjusted or computed
by adding Calendar Days to the Back Up/Primary Effective Date.
This contract if accepted by all Parties creates a binding contract on both parties. If either party wishes to terminate this
agreement prior to the deadline above they should consult with their attorney.
Parties are advised that any contingencies including Due Diligence in the contract begin upon ratification of this offer.
EXPIRATION OF OFFER: When signed by a Party and intended as an offer or counter offer, this document represents an
offer to the other Party that may be rescinded any time prior to or expires at AM. PM
on , unless
accepted or counter-offered by the other Party in written form Delivered prior to such deadline.
IN WITNESS WHEREOF, this Contract has been duly executed by the Parties.
BUYER:
Date:
Time:
BUYER:
Date:
Time:
Date:
Time:
Date:
Time:
SELLER:
Date:
Time:
SELLER:
Date:
Time:
Date:
Time:
Date:
Time:
REALTOR® is the registered collective membership mark which may be used only by those real estate licensees who are members of the NATIONAL ASSOCIATION OF
REALTORS® and who subscribe to its strict professional Code of Ethics. The South Carolina Association of REALTORS® (SCR) owns copyright to the content of this form and
expressly prohibits the display, distribution, duplication, transmission, alteration, or reproduction of any part of SCR copyright content as well as the use of the name "South
Carolina Association of REALTORS®" in connection with any written or electronic format without the prior written consent of SCR. SCR makes no representation as to the legal
adequacy of this form or the information added for a specific transaction and recommends that Parties consult a SC attorney prior to signing to ensure the completed form
meets your legal need.
Form 545
© 2023 South Carolina Association of REALTORS®. 9/2023
