A backup contract is a legal document that is drawn up as a replacement for the main contract. The primary reason for the backup contract is to make sure there is a legal contract in place in case all conditions in the initial contract are not met.<\/p>\n
A backup contract is a signed agreement that puts a secondary buyer next in line to purchase a property. While real estate purchase agreements do differ from province to province, these documents only become contracts when an offer is made and accepted by both the seller and buyer<\/a>.<\/p>\n","protected":false},"author":3,"template":"","meta":[],"class_list":["post-2249","encyclopedia","type-encyclopedia","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia\/2249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"wp:attachment":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media?parent=2249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}