Maryland Complaint for Breach of Contract for Sale of Land

But unlike buyers, sellers can't back out and forfeit their earnest deposit money (usually 1-3 percent of the offer price). If you decide to cancel a deal when the home is already under contract, you can be either legally forced to close anyway or sued for financial damages.

Make the date clear. Check the notice clause. Describe the breach. Make sure it's a "material" breach. Offer a "cure." In some cases, it may be too late to fix the problem. Avoid an emotional tone. Try to work it out.

I. Suit for Price. ii. Damages for non-acceptance. i. Damages for Non- Delivery. ii. Remedy for Breach of Warranty. iii. Specific Performance. i. Suit for repudiation of contract before date or anticipatory breach. ii. Interest by way of damages and special damages.

Damages or Compensation. Recovery of Possession of Property. Specific Performance of Contract. Rectification of Instrument. Rescission of Contracts. Cancellation of instruments. Declaratory Decrees. Injunctions.

1Hire the right attorney. Not all attorneys are alike.2Compile all of your documents and evidence. Be prepared when you visit your attorney.3Ask your attorney to analyze your case.4Explore settlement.5Ask your attorney to keep you informed.

Compensatory damages: This is the most common breach of contract remedy. When compensatory damages are awarded, a court orders the person that breached the contract to pay the other person enough money to get what they were promised in the contract elsewhere.

Liquidated Damages. Specific Performance. Preserve Indemnity Obligations. Delivery of Due Diligence Materials. Termination, Return of Deposit and Compensation. Specific Performance.

In order to claim damages for the breach, you must be able to establish that the contract was breached by the other party. Anticipatory breach- Section 39 of the Indian Contract Act, 1872 talks about the refusal of a party to perform the promise wholly.

When a breach of contract occurs or is alleged, one or both of the parties may wish to have the contract enforced on its terms, or may try to recover for any financial harm caused by the alleged breach. If a dispute over a contract arises and informal attempts at resolution fail, the most common next step is a lawsuit.