Common use of Terminate the Agreement Clause in Contracts

Terminate the Agreement. If the Seller denies permission to perform repairs, the Buyer also may terminate the Agreement. Note: Unlike virtually every other inspection contingency, a situation requiring the expansion or replacement of the system puts the responsibility to obtain the corrective proposal with the Seller, not the Buyer. This is due primarily to the extensive time and expense that may be necessary to perform the required testing and to perform the necessary work. Remember that if no corrective proposal is obtained and delivered by the end of the stated time period, the Buyer has the option to choose among the three choices above.

Terminate the Agreement. If the Seller denies permission to perform repairs, the Buyer also may terminate the Agreement. Note: Unlike virtually every other inspection contingency, a situation requiring the expansion or replacement of the system puts the responsibility to obtain the corrective proposal lies with the Seller, not the Buyer. This is due primarily to the extensive time and expense that may be necessary to perform the required testing and to perform the necessary work. Remember that if no corrective proposal is obtained and delivered by the end of the stated time period, the Buyer has the option to choose among the three choices above.