I have used the CAR Form Purchase and Sale Agreement often and I must say that it generally does a decent job of protecting Buyers, however it may not the contract template of choice depending on the purchase price, asset size, level of sophistication of the Seller, amongst many other variables. I would recommend that you consult with an attorney before entering into any formal contractual agreement and that you understand the clauses of the agreement (CAR Form or otherwise). Best of luck.
Oct 26, 2011