Bona Fide Prospective Purchaser
In the realm of environmental law and real estate transactions, the concept of a Bona Fide Prospective Purchaser (BFPP) plays a vital role in protecting buyers from potential liability. This designation was established under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), often referred to as Superfund. Understanding how this status works, its requirements, … Read more