Hi,
Just looking for some advice.
If a contract states the following:
4.3 In the event that clauses 4.1(a), (b) and (c) have not been satisfied by the
Sunset Date (or as varied by clause 4.4), then the Purchaser may terminate
this Agreement and the deposit will be refunded by the Vendor to the Purchaser
but the Purchaser will not be entitled to any other compensation.
Is the Vendor able to terminate the contract, or as the wording of the contract would suggest, is the purchaser only in a position to terminate?
Just looking for some advice.
If a contract states the following:
4.3 In the event that clauses 4.1(a), (b) and (c) have not been satisfied by the
Sunset Date (or as varied by clause 4.4), then the Purchaser may terminate
this Agreement and the deposit will be refunded by the Vendor to the Purchaser
but the Purchaser will not be entitled to any other compensation.
Is the Vendor able to terminate the contract, or as the wording of the contract would suggest, is the purchaser only in a position to terminate?