What is a primary concern when drafting contingencies for a buyer?

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When drafting contingencies for a buyer, the clarity of the terms is paramount. Clear terms ensure that both the buyer and seller have a mutual understanding of the conditions that must be met for the contract to proceed. Ambiguity in the language of contingencies can lead to misunderstandings or disputes, which could jeopardize the transaction. Well-drafted contingencies should clearly outline specific requirements, such as financing conditions, inspection results, or any necessary approvals, so that all parties know exactly what is expected and what actions must be taken. This clarity not only protects the interests of the buyer but also fosters a smoother transaction process by minimizing the potential for contention and confusion along the way.

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