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[merylsilverburg]

Sorry to trouble you guys but I need help with understanding something and I hope someone on here knows what it means. I need help understanding this:

The Seller does hereby constitute appoint the Buyer as the Seller's true lawful attorney with full power of substitution for it in its name, place stead or otherwise, but on behalf of for the benefit of the Buyer, to demand and receive from time to time any and all assets, properties rights, whether real, personal mixed, tangible intangible, which are hereby bargained, sold, transferred, assigned conveyed, to give receipts releases for in respect of the same, any part thereof, from time to time to institute prosecute in the name of the Seller or otherwise, at the Seller's expense for the benefit of the Buyer, any all proceedings at law, in equity or rights or title of any kind in the assets, properties, rights privileges, generally, to do any all such acts things in relation thereto as the Buyer shall deem advisable. The Seller hereby declares that the appointment hereby made the powers hereby granted are coupled with an interest are, shall be irrevocable by the Seller in any manner or for any reason, provided that nothing herein contained shall be deemed to enlarge the rights given the Buyer under the Agreement.

If anyone does understand this, I need an explanation right away for my family. If no one understands this, that means this statement is just bullsh*t and the other party is just messing with us.

Thanks in advance!!

[Hyuuga Neji]

E-Bay eh? Well here is what i got out of it. That as a seller you put up an item you need to sell that item and that the buyer has the right to that item after the transaction is complete, they word it to cover everything from item to assest to property. And that you are taking responsibility for what your selling thats the simple version of what i got out of it.

[IcyMourdor]

This is simple Business Law. They just like using big words to confuse people. Funny, this is the kind of thing that I am getting my degree in.

Hyuuga got it right. According to my Business Law teacher, this is just a written contract stating that the Buyer has full right to claim the item up for sale in the condition that it should be in. If it isn't what it is supposed to be, then the buyer gets the ability to claim what it is, meaning you must provide the item or enough cash or other items to get the item.

Simply, if you sell something, say exactly what it is that you are selling. Nothing more. And make sure what you are selling is real.

[goodman]

It is pretty convuluted for sure, im not totally sure its an Ebay transaction seeing as it involves her family. Give us some info other than that diatribe, Meryll.........

[merylsilverburg]

Thanks so much you guys. Geez, the clause sounds so simple in the end. *feels stupid* This situation isn't Ebay (though I understand how it can sound like it, lol) but it involves the restaurant my family owns and we're selling it due to some complications and personal stuff.

Thanks again, you guys were a great help!

[goodman]

Be sure to let us know how it all turns out for ya!