How to put property under contract info needed

[Medriand Arnold]

Hello all,

So I sm still very green and trying to understand something. Investors will place a property under contract prior to having the funding to fianance a deal. I am in the same boat where I funds for the repairs but not the property. What I am really trying to know is.

How is a contract to hold the property drafted?

What terms are usually placed within it?

How long does the contract have before it expires?

Thank you for helping me with my problem!

-Medriand A