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 ...

While sellers typically initiate the first drafts of commercial real estate purchase and sale agreements, some larger buyers have the leverage to require use of their own form agreements.

The language of real estate contracts is typically written to protect buyers, and in some cases, a home seller who reneges on ...