One of our clients recently entered into an agreement for the purchase of real property, and the sellers notified our client that they considered the transaction to be incomplete – they alleged that a contingency had not occurred and that they had no obligation to sell the property to our client. We speculate that the seller just wanted more money from another party. Within days of our filing a motion for a temporary restraining order (to bar the seller from selling the property from any other party), the court held a hearing on an expedited trial on the merits, and ruled that our client was entitled to specific enforcement of the sale agreement. The sellers were not allowed to sell the property to anyone else, and they had no option but to sell the property to our client.
Jan D. Sokol
Lawrence ("Lee") A. Wagner
Business & Commercial Litigation