Definition of legislative. 1  1a : having the power or performing the function of legislatingb : belonging to the branch of government that is charged with such powers as making laws, levying and collecting taxes, and making financial appropriations â compare executive, judicial.
The purchase agreement is contingent on the buyer's approval of this report and any other matters affecting the title. The preliminary title report lists liens and other encumbrances on the property, as well as any defects in the seller's chain of title discovered during the title search.
Agreement of Purchase and Sale. Subject to the terms of this Agreement, Seller will sell and Purchaser will purchase the Property, comprising the Land, the Related Rights, the Tangible Personal Property, the Leases and the Intangible Personal Property, as such terms are defined in clauses 1. 2. 1 through 1.2.6 below.