How a Consumer Hired a Lawyer to Draft a Purchase Agreement in Colorado
See real project results from ContractsCounsel's legal marketplace — this project was posted by a consumer in Colorado seeking help to draft a Purchase Agreement. The client received 1 lawyer proposal with a price of $485 flat fee.
Draft
Purchase Agreement
Colorado
Personal
-
Less than a week
$485 (Flat fee)
1 bid
How much does it cost to Draft a Purchase Agreement in Colorado?
For this project, the client received 1 proposal from lawyers to draft a Purchase Agreement in Colorado, with flat fee bids ranging from price of $485 on a flat fee. Pricing may vary based on the complexity of the legal terms, the type of service requested, and the required turnaround time.Project Description
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Purchase Agreement
California
Can a seller back out of a purchase agreement after accepting an offer?
I recently entered into a purchase agreement to buy a house, and the seller accepted my offer. However, just a few days later, the seller informed me that they have changed their mind and no longer want to sell the property. I have already made arrangements for financing and I am concerned about my rights as a buyer. Can the seller legally back out of the purchase agreement after accepting my offer?
Dolan W.
I'm so sorry about this situation! So legally speaking, the answer is no. Under California law, a breach of contract occurs when one party fails to fulfill a legal duty the contract created and causes damages for the plaintiff. (California Civil Jury Instructions Number 303.) The measure of damages is the amount that will compensate the aggrieved party for all the detriment caused thereby or likely to result therefrom. (Cal. Civ. Code § 3300.) You may also seek specific performance of the agreement, too. You have some options you can explore: You can send them a demand for performance or some financial compensation. I have a template letter you can use here - https://www.contractscounsel.com/t/document-form-checkout/119 Otherwise, you can file a lawsuit in your local court. If you’ve already sent a bunch of letters, then the truth is this is the only way to compel them to do anything. Best of luck!
Purchase Agreement
Washington
Are purchase agreement renewals common?
I am in the process of purchasing a business and have been presented with a purchase agreement by the seller. The agreement includes a clause that seems to imply that the agreement can be renewed. I am curious to know if this is a common practice, and if so, what are the implications for me as the buyer?
Merry K.
I'm not 100% sure what you are asking, but in negotiatons of purchases of businesses, business real estate, and personal real estate, it's not unusual to sign amendments extending the date by which an agreement must be made, or by which closing will occur. There can be many, many reasons for this, but generally, at least in my experience, both parties must agree in writing to any extensions of any sort of dates or deadlines. Here are two very common reasons a purchase and sale agreement may need to be extended: (1) Obtaining financing or (2) Obtaining an inspection I hope that helps! Best wishes, Merry