Common use of Default and Attorneys Fees Clause in Contracts

Default and Attorneys Fees. If Buyer defaults on this agreement, all deposits will be retained by the Seller as full settlement of any claim, whereupon Buyer and Seller will be relieved of all obligations under this agreement. If Seller defaults under this Agreement, the Buyer may seek specific performance or elect to receive the return of the Buyers deposit(s) without thereby waving any action for damages resulting from Seller's breach. In connection with any litigation arising out of this Agreement, the prevailing party will he entitled to recover all costs including a reasonable attorney's fee

Appears in 3 contracts

Samples: Standard Purchase and Sales Agreement, Standard Purchase and Sales Agreement, Purchase and Sales Agreement

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Default and Attorneys Fees. If Buyer defaults on this agreement, all deposits will be retained by the Seller as full settlement of any claim, whereupon Buyer and Seller will be relieved of all obligations under this agreement. If Seller defaults under this Agreement, the Buyer may seek specific performance or elect to receive the return of the Buyers deposit(s) without thereby waving any action for damages dam- ages resulting from Seller's breach. In connection with any litigation arising out of this Agreement, the prevailing party will he entitled to recover all costs including a reasonable attorney's fee

Appears in 1 contract

Samples: Standard Purchase and Sales Agreement

Default and Attorneys Fees. If Buyer buyer defaults on this agreement, all deposits will be retained by the Seller as full settlement of any claim, whereupon Buyer and Seller seller will be relieved of all obligations under this agreement. If Seller defaults under this Agreementagreement, the Buyer may seek specific performance or elect to receive the return of the Buyers deposit(sBuyer(s) deposit without thereby waving any and action for damages damaged resulting from Seller's Seller(s) breach. In connection with any litigation arising out of this Agreementagreement, the prevailing party will he be entitled to recover all costs including a reasonable attorney's ’s fee.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Default and Attorneys Fees. If Buyer defaults on this agreementAgreement, all deposits will be retained by the Seller as full settlement of any claim, whereupon Buyer and Seller will be relieved of all obligations under this agreementAgreement. If Seller defaults under this Agreement, the Buyer may seek specific performance or elect to receive the return of the Buyers Buyer's binder deposit(s) without thereby waving waiving any action for damages resulting from Seller's breach. In connection with any litigation arising out of this Agreement, the prevailing party will he be entitled to recover all costs including a reasonable attorney's feefees.

Appears in 1 contract

Samples: Escrow Agreement

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