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There might also be side agreements (e.g., holdover tenants, delivery contracts, cost holdback for unacceptable repairs), seller's proper of first refusal for resale, declaration of trust, or other entity formation or consolidation (incorporation, limited partnership buyers, etc.). Where "time is of the essence," there have been circumstances the place the entire deposit is forfeited (as liquidated damages ) if the conveyancing is delayed beyond the closing dates of the client's contingencies, even when the acquisition is completed.