What Remedy Does An Aircraft Hangar Purchase Agreement Give The Buyer?
First, an aircraft hangar purchase agreement is not a 100% guarantee that a buyer will not have to sue the seller if he or she does not perform as required by the agreement. In this litigious world, a such a guarantee is impossible. Further, the purchase agreement alone does not make anyone do anything. If a seller does not want to comply with his or her obligations, the purchase agreement will not change that. However, the purchase agreement will give the buyer the ability to go to court and have a judge make the seller comply with his or her obligations. Alternatively, the court may award money damages for losses incurred by the buyer. An example of this is when a seller refuses to return a deposit even though the buyer has complied with all of the terms of the purchase agreement and has a right to return of the money. In this situation, a court could enter a judgment against the seller in the amount of the unreturned security deposit. Conclusion An aircraft hangar purchase agreement
