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re: Backing out of Purchase Agreement
Posted on 5/27/15 at 11:53 am to blueboxer1119
Posted on 5/27/15 at 11:53 am to blueboxer1119
So they actually gave you notice within the 10 day window, but it wasn't in writing? I couldn't imagine suing someone in that scenario. I mean they gave you notice. Don't be a dick.
But you knew they could back out at any point in the 10 day window. They did this. Yes technically you can legally sue because it wasn't in writing. It's just a dick move IMO. You're going try to take $30k from someone because they didn't write something down?
The contract has to say in writing because everything always has to be in writing so that there is physical evidence of the notification. Come on man, be a reasonable human. These contracts were not intended for you to be able to file a bullshite lawsuit if you want. But again, yes, you legally can do it.
quote:
Basically, yes, this will cost me money.
But you knew they could back out at any point in the 10 day window. They did this. Yes technically you can legally sue because it wasn't in writing. It's just a dick move IMO. You're going try to take $30k from someone because they didn't write something down?
quote:
Not sticking anything to anybody, simply enforcing a contract that they signed. Pretty simple concept.
The contract has to say in writing because everything always has to be in writing so that there is physical evidence of the notification. Come on man, be a reasonable human. These contracts were not intended for you to be able to file a bullshite lawsuit if you want. But again, yes, you legally can do it.
This post was edited on 5/27/15 at 12:10 pm
1
Posted on 5/27/15 at 12:02 pm to PhiTiger1764
I'm going to put in my purchase agreement that I must be notified in writing if they decline during the due diligence period and I must be addressed as "His Royal Excellency" in the written refusal.
Failure to do both will result in penalies of 25% of the offer price to repair my damaged ego.
So shall it be written, so shall it be done.
Failure to do both will result in penalies of 25% of the offer price to repair my damaged ego.
So shall it be written, so shall it be done.
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