This office lease form is a standard default remedy clause, providing for the collection of the difference between the rent due and owing under the lease and the rents collected in the event of mitigation.
Oklahoma Default Remedy Clause
Category:
State:
Multi-State
Control #:
US-OL14031
Format:
Word;
PDF
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How to fill out Default Remedy Clause?
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FAQ
(1) Except as provided in subsection (5), in addition to any right otherwise to revoke an offer, the buyer has the right to cancel a home solicitation sale until midnight of the third business day after the day on which the buyer signs an agreement or offer to purchase which complies with this part.
Your right to cancel for a full refund extends until midnight of the third business day after the sale. Saturdays are considered business days, but Sundays and holidays are not. The rule doesn't apply to every purchase, though.
THERE IS NO THREE-DAY RIGHT TO CANCEL. Many consumers believe the law allows them 3 days in which they can change their mind and cancel the contract. They are wrong. When you sign a contract at the dealership, it is a valid contract, and usually only subject to financing approval.
A purchaser has an unconditional right to rescind any contract, agreement or other evidence of indebtedness, or to revoke any offer, until five (5) days after the date the purchaser actually receives a legible copy of the signed contract, agreement or other evidence of indebtedness or offer and the public offering ...
Contracts. §15-139. Seal - Necessity for seal abolished. All distinctions between sealed and unsealed instruments are abolished.
15, § 219A. Noncompetition agreements: Unlawful Contracts ? Oklahoma. Prohibits noncompete contracts except those written to protect the sale of goodwill of a business, dissolution of a partnership or those that prohibit only the direct solicitation of established customers of the former employer.
Cooling-off Rule is a rule that allows you to cancel a contract within a few days (usually three days) after signing it. As explained by the Federal Trade Commission (FTC), the federal cooling-off rules gives the consumer three days to cancel certain sales for a full refund.
Good faith. Good faith consists in an honest intention to abstain from taking any unconscientious advantage of another, even through the forms or technicalities of law, together with an absence of all information or belief of facts which would render the transaction unconscientious.
