Buyers Agreement
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BUYER'S AGREEMENT

 

 KNOW ALL MEN BY THESE PRESENTS, That this Agreement is made between 

 ___________________________________________________ (hereinafter referred to as "Buyer") his/her/their/its successors and assigns and Mardell Topham of Utah Land and Water LC doing business as Utah Water Right Exchange (hereinafter referred to as Broker"). 

RECITALS 

WHEREAS, the Buyer warrants that he/she/it is a bona fide buyer or legal representative of a Buyer of surface and/or ground-water, water rights (hereinafter referred to as the "Property")

WHEREAS, The Buyer seeks _______ acre feet of water rights or                  Shares of

water Stock in                                                                  Irrigation Company for use in

Section                       Township                  Range                   Base & Meridian                   

County of                                              , State of ____________________ . 

Buyer offers $                          per acre foot/per share.

WITNESSETH:  

NOW THEREFORE, in consideration of the mutual covenants and promises contained herein, it is agreed as follows: 

1. The Broker accepts the appointment and shall use his best efforts to procure a ready, willing and able Seller of water rights suitable to the Buyer in accordance with the terms of this Agreement. 

2. At all times, the Broker shall act as Buyer's agent with respect to water rights introduced by Broker to the Buyer. 

3. When Broker is acting on behalf of the Buyer with regard to water rights introduced to the Buyer by Broker, Broker shall act as Buyers' agent and Buyer shall pay Broker a commission of               percent (             %) of the purchase price.  Or if the Buyer purchases any water right introduced to the Buyer by the Broker during the term this Agreement is in full force and effect. 

5. The Buyer agrees to maintain as confidential any and all Sellers of water rights introduced to the Buyer by the Broker. 

6. This Agreement shall remain in force and effect for as long as any transaction is in progress before regulatory agencies or courts of law.

7. All notices under this Agreement shall be forwarded through the U.S. Post Office by Certified Mail to the address of the parties hereto as set forth below: 

BROKER:
  
Mardell D. Topham, Broker 
Utah Water Right Exchange
886 East 8475 South
Sandy, Utah 84094

BUYER:
 
Name of Buyer:         ____________________________________________ 
Mailing Address:        ___________________________________________ 
City, State, and Zip: ____________________________________________
                               ____________________________________________

8. This Agreement shall commence on the latest date herein below inscribed and terminate one (1) year from the date of signature.

 BUYER: 

_________________________________________________
                                   (Name of Entity if any)

By:  _____________________________________________
                                   (Name & Title)                 Date

By:______________________________________________
                                    (Name & Title)                Date

 
BROKER: 

     Utah Water Right Exchange


  By:_____________________________     ______          _      
            Mardell D. Topham, Manager              Date 

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