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What steps should I take if the other party breaches a property sale agreement in Delhi?

What steps should I take if the other party breaches a property sale agreement in Delhi?

Published At July 11, 2024

Answer

If the other party breaches a property sale agreement in Delhi, there are several steps you can take to address the situation:

  • Send a Legal Notice: The first step is to send a formal notice to the defaulting party, asking them to fulfill their obligations as per the property sale agreement Delhi. 
  • Cancellation of Agreement: If the breach is not rectified within the given timeframe, you may cancel the agreement as per the cancellation clause, if one exists.
  • Suit for Specific Performance: You can file a suit for specific performance, asking the court to compel the defaulting party to perform their obligations under the agreement.
  • Claim Damages: If the breach has caused you financial loss, you can file a suit for damages. This legal action seeks compensation for any financial harm suffered due to the breach.

Legal Remedies for Buyers and Sellers: Depending on whether you are the buyer or the seller, the remedies can vary. For instance, sellers can sue for the price or retain goods if already delivered, while buyers can reject non-conforming goods or sue for delivery.

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