buyerseller - How do you get out of an Agreement of Purchase and Sale? - Canada

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RE: How do you get out of an Agreement of Purchase and Sale?

Postby Markthompson » Wed Apr 13, 2011 03:04:51 AM

A legal contract that obligates a buyer to buy and a seller to sell a product or service. SPAs are found in all types of businesses but are most often associated with real estate deals as a way of finalizing the interests of both parties before closing the deal.
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RE: How do you get out of an Agreement of Purchase and Sale?

Postby footloose » Tue Jan 11, 2011 08:20:07 PM

Your friend should wait until his lawyer returns from vacation. This is a legal question and only your friend's lawyer should be dealing with this matter.
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How do you get out of an Agreement of Purchase and Sale?

Postby sandrasue7 » Tue Jan 11, 2011 03:49:00 PM

A friend of mine made an offer on a house.
He is not happy with the home inspection report and intends not to wave this conditon. Unfortunately, his lawyer is on vacation.
Which steps does he have to take in order to get his deposit back and be released from this agreement?

Any input would be greatly appreciated.
Thanks
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