How easy it is to back out of a purchase agreement typically depends on the wording used in the contract. There also may be legal and financial consequences to canceling a real estate contract.

A lease agreement, license agreement, or MOU may be modified through an amendment to change the terms of the agreement, or frequently, to extend the dates of the agreement. PURCHASE AND SALE ...

Real estate contracts are legally binding agreements revealing the terms of the purchase or sale of property. In it, you’ll find all the essential details of the transaction, including the ...