A NOTARY PUBLIC (a.k.a. notary or public notary; notaries public) of common laws is a public officer constituted by law to serve the public in non-contentious matters usually concerned with general financial transactions, estates, deeds, powers-of-attorney, and foreign and international business. A notary's main functions are to validate the signature of a person (for purposes of signing a document); administer oaths and affirmations; take affidavits and statutory declaration including from witnesses; authenticate the execution of certain classes of documents; take acknowledgments (e.g., of deeds and other conveyances); protest notes and bills of exchange; provide notice of foreign drafts; prepare marine or in cases of damage; provide exemplications and notarial copies; and, to perform certain other official acts depending on the jurisdiction. Such transactions are known as notarial acts, or more commonly, a notarizations. The term notary public only refers to common ...
.jpeg)
The person, company, or other legal entity acquiring, receiving, and purchasing the property, stock, or other assets is referred to as the buyer and the entity disposing, conveying, and selling the assets is referred to as the seller. A PSA sets out the various rights and obligations of both the buyer and seller, and might also require other documents be executed and recorded in the public records, such as an assignment, deed of trust or farmout agreement.
Comments
Post a Comment