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Can I get out of a contract by not doing what I agree to do?

Can I get out of a contract by not doing what I agree to do?

Can I get out of a contract by not doing what I agree to do? 150 150 Jiang Hong Wilkin Business Law

After signing the purchase agreement for a business or estate, the seller does not want to sell the business or the real property. If there are conditions which need to be met by the seller and the seller does not satisfy them, then the conditions are not met, and the contract cannot be performed? This is a common breach in the real estate transactions. After the purchase agreement has been signed, the price goes up. Thereafter, the seller does not want to perform the purchase agreement. For example, the agreement requires the seller to apply for a renovation permit. The seller does not apply. The seller thinks that the condition is not met, the agreement therefore cannot be performed. It is unreasonable in law. The seller cannot avoid legal liabilities using his own breach. If the seller fails to perform the contract, the buyer can sue the seller and will win in the most cases. The court may order the seller to apply for the renovation permit and close the transaction of the real property. The court may order that the seller compensate the buyer for the losses caused by seller’s breach. The losses may include the extra money which the buyer may pay to buy a similar real property, the accommodation cost (hotel or rent) before moving to the new house, lawyer’s fees, etc. If you decide to breach an agreement, you should know the liabilities first.

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