The Seller Of A Commercial Building Is A Corporation. Who May Sign The Purchase Agreement

As part of the contract, the buyer must have sufficient time to obtain and verify the documents. A specific date on the contract for the provision of the documents to the buyer by the seller, in addition to the date of their acceptance, is recommended. If he has exceeded the lawyer`s review deadline or if the buyer does not want to refuse the purchase, the seller is a little stuck. If the seller tries to cancel the agreement, a court may order a specific performance for infringement. The specific service means that the contractual conditions must be executed as if there were no infringement – in other words, the real estate transaction must have passed in the past. A buyer could also take legal action for damages caused by the offense, which can be significant, including attorney`s fees, inspection fees, temporary housing costs, storage fees, and more…

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