If a transaction does not close, the money in trust is returned to the purchaser. The parties’ rights are based on the purchase agreement, and if they want to pursue their remedies, they will rely on the purchase agreement.
Tips from Centra Lawyers
If a transaction does not close, the money in trust is returned to the purchaser. The parties’ rights are based on the purchase agreement, and if they want to pursue their remedies, they will rely on the purchase agreement.
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