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a. All formal offers for sale should be properly addressed and delivered in the form of a Full Corporate Offer (FCO) signed and sealed by the true lawful owner or lawfully-appointed seller, or seller mandate, (and therefore not by intermediary companies). Such offers should always include an exclusive seller's code. b. We may then, after evaluation of the offer received, issue our Letter of Intent or Ready, Willing and Able (LOI/RWA) and MFPA, directly back to the seller. c. We will never counter-sign a seller's FCO as a confirmation of our acceptance - we always issue a Letter of Intent for this purpose. d. The seller must then, after agreement on procedures, issue a Sale and Purchase Agreement (contract) to us signed by the seller first (this can be either the seller's own contract or our format). We will then in turn sign and return copies as may be agreed, to the seller. , the seller must then be prepared to enable us to qualify the offer e. At this stage before we engage our banks , to establish: • Confirmation of the existence and availability of the merchandize offered. • Its physical location • The true lawful ownership (title). • The true and correct signatory power of the seller and/or his authority to sell. |
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Gold
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