Completion & Termination of Property Sale Contracts - A Roundup

Introduction

In difficult economic conditions, buyers may find themselves in difficulties in completing site acquisitions. Sellers, too, may have reasons for wishing to cancel their commitments. Renegotiating may not be successful, and in that case the remedies for default will come into play.

Very often the dispute will in reality be about the fate of the deposit but will present as an argument about whether a breach of the contract terms was repudiatory in nature - a question which it is not always easy to answer.

What You Will Learn

This webinar will cover the following:

• What breaches are repudiatory, and what if both parties are in repudiatory breach?
• What might prevent a buyer from obtaining specific performance?
• What are the courts doing currently as regards forfeiture of deposits?