Puerto Rico Notice of Title Defect by Buyer to Seller Pursuant to Provisions of A Purchase and Sale Agreement
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How to fill out Notice Of Title Defect By Buyer To Seller Pursuant To Provisions Of A Purchase And Sale Agreement?
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FAQ
If the buyer and seller have not reached a resolution on inspection issues by the Inspection Resolution Deadline the contract will terminate: on the expiration of the resolution deadline.
If a seller defaults, the buyer has every right to sue for specific performance and for damages.
What happens if the parties cannot resolve a dispute prior to the inspection resolution deadline? the contract terminates as of the end of the date set for the inspection resolution deadline.
Usually, the effective date will be mutually agreed upon between both parties, but the contract author will usually be the person to fill in this date. However, just because a contract is on third-party paper, that doesn't mean you can't negotiate the effective date.
If the buyer fails to rectify the default during the notice and cure period, the seller can pursue legal remedies, as specified in the default provision. This may include seeking damages, specific performance of the contract, or retaining the deposit paid by the buyer.
A buyer decides to exercise her right to terminate under the option period. What is the proper process? Execute a Notice of Buyer's Termination of Contract and deliver it to the seller ing to the instructions in paragraph 21 of the contract.
Contract rescission is most often available in certain specific circumstances. There are grounds for rescinding a contract in the following situations: Mutual consent: Mutual consent means that both parties must show that they agree to have the contract cancelled.
A person is liable to perform agreed-to contract duties until or unless he or she is discharged. If the person fails to perform without being discharged, liability for damages arises.
