L3 Resources out of Houston Offer

Have they explained the actual process as to how a transaction would unfold? For instance, have you been presented a written purchase offer, containing terms and conditions of a sale? Are you going to be locked into executing a general warranty deed (as differentiated from a special warranty)? What are the terms surrounding title issues and curing options?

My point - there are many important parts to a reasonable (for all parties) transaction, price being only one of them.