What are the forms called that stipulate possession delivery to the buyer upon closing?

The correct answer pertains to Promulgated Contracts, which are legally recognized agreements that outline the specific terms of a transaction, including the stipulation that possession of the property or goods is delivered to the buyer upon closing. These contracts are often standardized or officially issued, ensuring that they adhere to particular legal requirements and offer protections for both parties involved in the transaction.

Promulgated Contracts typically include essential elements such as the identities of the parties, a description of the property or goods, the purchase price, and conditions for delivery or possession. By specifying the delivery aspect, these contracts mitigate misunderstandings and disputes regarding when and how possession is transferred, making them a crucial component of the closing process.

In the context of real estate or other significant transactions, the precise language and provisions outlined in these contracts provide clarity and enforceability, ensuring both the buyer and seller have a mutual understanding of the terms involved.