are buyer broker agreements enforceable?
310434
Contracts are legally enforceable and establish expectations for either party in a transaction. While it might not be worth it for an individual agent or broker to pursue a lawsuit against a buyer, it's generally unethical to break an agreement if the broker did everything that was expected of them.
283636
Under the Indian Law, the employment agreements with negative covenants is valid and legally enforceable if the parties agree with their free consent i.e. without fraud, coercion, undue influence, mistake and misrepresentation. ... Indian law mandates the employment bonds to be “reasonable” in order to be valid.
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Finding buyers. Business Brokers generally work as an ambassador between the buyer and seller who get to know each other and work together. Real estate transactions typically do not connect the buyer and seller together.
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In deciding not to enforce the non-compete clause, the Court reiterated that any restraint on trade, such as a non-compete, is unenforceable as a general rule. There are only limited circumstances where a non-compete will be enforced. ... It must also be in the public interest to enforce a restrictive covenant.
773905
An intention to create legal relations is presumed in commercial situations. However, if the parties make it clear that they do not yet intend to be bound by the contractual terms - for example if any documents are marked subject to contract (or something similar), there will be no binding contract.
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Backing Out as a Buyer Most real estate contracts contain contingencies that allow you to cancel the purchase in certain instances. As long as your contract has contingencies, typically, you can back out of the deal without sanction.
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In many cases, both sides will fulfil their obligations under the contract with no issues. ... Depending on the circumstances, an unsigned contract may still be binding and enforceable in court.
959356
Just because a new-build property is new, it doesn't mean the asking price is non-negotiable. That's right, you can make an offer in the same way you would if you were buying an older property. Of course, it's up to the developer if they wish to accept a lower offer or politely decline it.
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The Law In Ohio Ohio courts have determined that restrictive covenants are enforceable if the terms are reasonable and necessary to protect certain business interests of the employer such as customer lists and trade secrets.
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Are non-competes, non-solicitations and confidentiality agreements enforceable in Canada? ... Indeed, courts take the initial position that restrictive covenants in employment agreements are unenforceable, unless the employer can demonstrate otherwise.
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However, as a general rule, the law considers that verbal agreements are legally binding. Whilst there are some exceptions to this (such as Settlement Agreements between employers and employees or agreements for the sale and purchase of land), verbal agreements can be enforceable.
27779
If the landlord sells the property before the end of lease then he or she must ensure that the buyer agrees to continue the existing rental agreement. ... For example, it is unlawful for a landlord to claim they are moving in and then, once the tenant leaves, the landlord doesn't move in, but prepares the home for sale.
1427671
In Ontario, the seller's real estate broker or salesperson is required to disclose the number of competing offers to all buyers who have submitted a written offer. However, the terms and conditions of each offer are confidential to the seller and their broker or salesperson.
309091
These restrictions (often known as non-compete clauses) are, by their very nature, a restraint of trade and anti-competitive so the automatic presumption is that they're not enforceable. But, if three conditions are fulfilled, they can be legally binding.
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The court determined that for an “agreement to agree” to be binding on the parties, the agreement must include all the essential terms that will be included in the final, signed agreement. ... In short, the “agreement to agree” must itself be an enforceable expression of the parties' future agreement.
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Non-compete agreements are typically considered enforceable if they: Have reasonable time restrictions (generally less than one year) Are limited to a certain geographic area (specific cities or counties, rather than entire states)
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A restrictive covenant will generally be enforceable between the original contracting parties as a matter of contract. ... The covenant is prohibited by competition law and is unenforceable. The covenant is contrary to public policy, for example, it contravenes equality laws.