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- Hardship entitles parties to a contract to request the court to amend or terminate the contract concluded between them.
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Feb 1, 2021 · A hardship clause in a contract allows the parties to modify or excuse their contract obligations when one of the parties experiences a hardship. Such a hardship must be more than a mere inconvenience.
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May 22, 2020 · Hardship entitles parties to a contract to request the court to amend or terminate the contract concluded between them.
Aug 29, 2015 · Typically under real estate purchase contracts there are two basic remedies available to both the buyer and the seller for the other party’s breach: (i) monetary damages and (ii) an action for specific performance.
Whether an agreement is held to be a license and not a lease will depend on the presence or absence in the agreement of the three essential characteristics of a real estate license: 1) a clause allowing the licensor to revoke “at will”; 2) the retention by the licensor of absolute control over the premises; and 3) the licensor’s supplying ...
INTRODUCTION. General contract principles apply to all real estate purchase agreements. The first part of this article will discuss the various contractual elements contained in all real estate purchase agreements and the issues that arise therefrom.
Hardship clauses are included in contracts to help keep the obligations of the listed parties balanced. If circumstances change and one party is now unequally obligated, a hardship clause allows the terms of the contracts to be changed.
Jul 28, 2023 · What Is a License to Use Property? A License to Use Property agreement is a legal agreement in which a property owner grants another party the right to use their property for a specific purpose and a defined period of time.
