Common use of Seller and Buyer May Affirm or Terminate Clause in Contracts

Seller and Buyer May Affirm or Terminate. (1) If the Seller or Buyer, as the case may be, fails to comply with an Essential Term, or makes a fundamental breach of an intermediate term, the Seller (in the case of the Buyer’s default) or the Buyer (in the case of the Seller’s default) may affirm or terminate this contract under this clause. (2) Clause 9.1 does not limit any other right or remedy of the parties including those under this Contract or any right at law or in equity.

Appears in 15 contracts

Samples: Contract for Residential Lots in a Community Titles Scheme, Contract for Houses and Residential Land, Contract for Residential Lots in a Community Titles Scheme

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Seller and Buyer May Affirm or Terminate. (1) If the Seller or Buyer, as the case may be, fails to comply with an Essential Term, or makes a fundamental breach of an intermediate term, the Seller (in the case of the Buyer’s default) or the Buyer (in the case of the Seller’s default) may affirm or terminate this contract under this clausepaid. (2) Clause 9.1 does not limit any other right or remedy of the parties including those under this Contract or any right at law or in equity.

Appears in 5 contracts

Samples: Contract for Houses and Residential Land, Contract for Houses and Residential Land, Contract for Houses and Residential Land

Seller and Buyer May Affirm or Terminate. (1) If Without limiting any other right or remedy of the parties including those under this contract or any right at common law, if the Seller or Buyer, as the case may be, fails to comply with an Essential Term, or makes a fundamental breach of an intermediate term, the Seller (in the case of the Buyer’s default) or the Buyer (in the case of the Seller’s default) may affirm or terminate this contract under this clausecontract. (2) Clause 9.1 does not limit any other right or remedy of the parties including those under this Contract or any right at law or in equity.

Appears in 3 contracts

Samples: Contract for Houses and Residential Land, Contract for Houses and Residential Land, Contract for Houses and Residential Land

Seller and Buyer May Affirm or Terminate. (1) If the Seller or Buyer, as the case may be, fails to comply with an Essential Term, or makes a fundamental breach of an intermediate term, the Seller (in the case of the Buyer’s default) or the Buyer (in the case of the Seller’s default) may affirm or terminate this contract under this clause. (2) Clause 9.1 does not limit any other right or remedy of the parties including those under this Contract contract or any right at law or in equity.

Appears in 2 contracts

Samples: Contract for Commercial Land and Buildings, Contract for Commercial Land and Buildings

Seller and Buyer May Affirm or Terminate. (1) If the Seller or Buyer, as the case may be, fails to comply with an Essential Term, or makes a fundamental breach of an intermediate term, the Seller (in the case of the Buyer’s 's default) or the Buyer (in the case of the Seller’s default) may affirm or terminate this contract under this clause. (2) Clause 9.1 does not limit any other right or remedy of the parties including those under this Contract contract or any right at law or in equity.

Appears in 2 contracts

Samples: Contract for Houses and Residential Land, Contract for Houses and Residential Land

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Seller and Buyer May Affirm or Terminate. (1) If the Seller or Buyer, as the case may be, fails to comply with an Essential Term, or makes a fundamental breach of an intermediate term, the Seller (in the case of the Buyer’s default) or the Buyer (in the case of the Seller’s default) may affirm or terminate this contract under this clause. (2) Clause 9.1 does not limit any other right or remedy of the parties including those under this Contract Contract, or any right at law or in equity.

Appears in 1 contract

Samples: Contract for Commercial Lots in a Community Titles Scheme

Seller and Buyer May Affirm or Terminate. (1) If the Seller or Buyer, as the case may be, fails to comply with an Essential Term, or makes a fundamental breach of an intermediate term, the Seller (in the case of the Buyer’s default) or the Buyer (in the case of the Seller’s default) may affirm or terminate this contract under this clause. (2) Clause 9.1 does not limit any other right or remedy of the parties including those under this Contract or any right at law or in equity.. If the Seller affirms this contract under clause 9.1, it may sue the Buyer for:

Appears in 1 contract

Samples: Contract for Residential Lots in a Community Titles Scheme

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