You spent 14 months negotiating to buy a SoHo loft building for $7.2 million. The seller signed. You wired the deposit. Then, a week before closing, the seller sends a one-line email: "We're terminating. Keep the deposit." Money damages won't get you that building, and there isn't another one like it on the block. This is where specific performance in New York commercial contracts becomes the remedy that actually matters. Specific performance is the equitable order that force
In commercial transactions, warranties play an important role in protecting buyers. A warranty assures the buyer that the goods being sold meet certain standards. However, in some situations, a seller may want to limit or exclude certain warranties to reduce legal risk. The New York Uniform Commercial Code (UCC) allows sellers to exclude warranties, but only if specific legal requirements are followed. If the disclaimer is not written properly, it may not be enforceable in co
Reza Yassi
Oct 28, 2024
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