Sometimes the cancellation is due to a "breach" of the Real Estate Contract by seller or buyer. The next issue is what happens to the Buyer's "earnest money deposit"? The stated answer is in the contract itself, however, the wording of the language used may create more trouble than ...
Breach of Real Estate Contract According toSouth Carolina law, a real estate contract must be in writing and be signed by the party who is buying the property. A typical real estate contract contains a number of standard provisions, including: Address. Names of parties. Selling price. Closing...
After a real estate contract has been breached, suing for monetary damages is a common remedy. To receive these damages, the buyer would need to provide evidence that they suffered financial harm from the breach of contract. The amount of monetary damages a buyer can receive largely depends on...
We bring the knowledge and methods necessary to quickly resolve breach of contract matters and any other business litigation matters throughout Orange County and Southern California. We are results-oriented, with a constant eye on the bottom line. Our cutting-edge technology and techniques allow us ...
Sometimes, a court may order a “specific performance,” in which the breaching party will be expected to attempt to fulfill their contractual obligation to the best of their ability. This is usually prescribed with respect to unique assets such as real estate. ...
Breach of Contract Lawsuit: Examples, Penalties & Legal Help Where You Need a Lawyer: Zip Code or City: (This may not be the same place you live) Choose a Legal Category: Most Common Issues: Family Employment Criminal Defense Real Estate Business Immigration Personal Injury Wills, Trusts &...
Real estate brokers’ commission When performance can’t be completed in a year or less according to the terms of the contract Those relating to marriage Settlement agreements of legal claims A security agreement (a promise allowing the creditor to take your assets if you don’t pay what you ...
Replacement of the original contract with a new agreement Cases in which the defendant's action or lack thereof was approved by the plaintiff Oral contracts in situations where a written contract is required, such as a real estate agreement Contracts in which pricing, duration, or other required...
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Real estate purchase agreements and construction contracts commonly rely on liquidated damages. They might be a specific sum, such as the amount of the earnest money on a purchase contract. Or they could depend on a formula, such as a certain amount of money for each day a deadline is not...