Agreement Void. If the Seller elects to keep deposit monies as liquidated damages under either Subparagraphs (E) or (F), the Buyer will be released from the Agreement with no further liability (i.e., the Seller gives up the right to sue for additional damages).
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Sources: Standard Agreement for the Sale of Real Estate, Agreement for the Sale of Commercial Real Estate
Agreement Void. If the Seller elects to keep deposit monies as liquidated damages under either Subparagraphs (E) or (F), the Buyer will be released from the Agreement with no further liability (i.e., the Seller gives up the right to sue for additional damages).
Appears in 1 contract