Common use of Seller’s Default Clause in Contracts

Seller’s Default. Subject to the provisions of Section 9 of this Agreement regarding a possible abatement in the Purchase Price if Seller is unable to deliver good and marketable title to the Property, if Seller defaults under this Agreement, Purchaser’s sole and exclusive remedy shall be the return of the Deposit. Under no circumstances shall Purchaser be entitled to specific performance of this Agreement.

Appears in 37 contracts

Samples: Conditions of Sale and Purchase Agreement, Conditions of Sale and Purchase Agreement, Realty Purchase and Sale Agreement

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