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June 01, 2021

Fact or fiction: Do buyers need a reason for using the termination option?

June 01, 2021 Buyers do not have to give a reason for terminating a contract under the termination option. Fact. Though buyers must provide written notice when exercising the termination option, they are not required to give a reason, as it is an unrestricted right to terminate.
Background

June 01, 2021

Buyers do not have to give a reason for terminating a contract under the termination option.

Fact. Though buyers must provide written notice when exercising the termination option, they are not required to give a reason, as it is an unrestricted right to terminate.