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NWMLS Legal Bulletin 218 - Force Majeure

Legal Bulletin 218 summarizes the new NWMLS form – Form 22FM (Force Majeure and Closing Addendum).

New Form 22FM - Force Majeure and Closing Addendum


Legal Bulletin 218 summarizes the new NWMLS form – Form 22FM (Force Majeure and Closing Addendum). New Form 22FM provides for extensions of contingencies/conditions and the closing date in the purchase and sale agreement for a limited amount of time should a force majeure event occur.  

A force majeure event is an occurrence that is beyond the control of the parties that makes performance of the contract impossible or impracticable.  Events and occurrences associated with the recent COVID-19 (coronavirus) epidemic may qualify as a force majeure event that may excuse or delay performance of a contractual obligation.  

Parties to an existing purchase and sale agreement should consider amending their agreement to include Form 22FM.  Buyers and sellers who are not yet under contract, should consider using Form 22FM with new agreements for the foreseeable future.

Form 22FM (Force Majeure and Closing Addendum) is currently available on Xpress Forms and Transaction Desk.

Please login to carefully read Legal Bulletin 218 - Force Majeure and to access Form 22FM.

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