• Real Estate Law Alert - Court Rules Seller Liable for Payment of Broker Commission on Dead Deal, Despite Clear Language in Contract Making Payment Contingent on Closing of Title
  • July 6, 2009 | Authors: Marc A. Landis; Elliot E. Falk; Robert L. Bachner
  • Law Firm: Phillips Nizer LLP - New York Office
  • ...Sellers and buyers should be aware that no matter how carefully drafted or heavily negotiated their contracts may be, a court may choose to "toss out" the contract and invoke equitable principles to decide the dispute.