Common use of REMEDIES OF THE PARTIES Clause in Contracts

REMEDIES OF THE PARTIES. If the Seller(s) fail to fulfill this Agreement, the Buyer(s) shall have the right to have all payments returned and/or to proceed by any action at law or in equity, and the Seller(s) agree to pay the costs and reasonable attorney fees, and a receiver may be appointed. If the Buyer(s) fail to fulfill this Agreement, Seller(s) may forfeit this agreement, and all payments made herein shall be forfeited to Seller(s), or the Seller(s) may proceed by any action at law or in equity. The Buyer(s) agree to pay costs and reasonable attorney fees, and any other expenses incurred by the Seller(s), and a receiver may be appointed. Seller(s) and Buyer(s) understand that the xxxxxxx deposit held in trust can only be released through agreement of both parties, the closing of this transaction, or by court order.

Appears in 2 contracts

Samples: For Sale by Owner Purchase Agreement, For Sale by Owner Purchase Agreement

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REMEDIES OF THE PARTIES. If the Seller(s) fail to fulfill this Agreement, the Buyer(s) shall have the right to have all payments returned and/or to proceed by any action at law or in equity, and the Seller(s) agree to pay the costs and reasonable attorney fees, and a receiver may be appointed. If the Buyer(s) fail to fulfill this Agreement, Seller(s) may forfeit this agreementagreement as provided in Chapter 656 of the Code of Iowa, and all payments made herein shall be forfeited to Seller(s)forfeited, or the Seller(s) may proceed by any action at law or in equity. The Buyer(s) agree to pay costs and reasonable attorney fees, and any other expenses incurred by the Seller(s), and a receiver may be appointed. Seller(s) and Buyer(s) understand that the xxxxxxx deposit held in trust can only be released through agreement of both parties, the closing of this transaction, or by court order.

Appears in 2 contracts

Samples: For Sale by Owner Purchase Agreement, For Sale by Owner Purchase Agreement

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