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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext">Question: Based on the following provisions, where consequential damages are not available to either party, the only real difference between the two provisions
is the 60 day limitation to bring suit in option A, and the buyer’s right to just terminate the agreement in Option A? What other rights or remedies could be available under Option B, part (c), if consequential damages are not available? Thanks.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext">Default provisions:<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;text-autospace:none"><span style="color:windowtext">Option A:<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;text-autospace:none"><span style="color:windowtext"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;text-autospace:none"><span style="color:windowtext">As Buyer’s sole remedy, Buyer may either (a) terminate this Agreement and recover all earnest money<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;text-autospace:none"><span style="color:windowtext">or fees paid by Buyer whether or not the same are identified as refundable or applicable to the purchase<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;text-autospace:none"><span style="color:windowtext">price; or (b) bring suit to specifically enforce this Agreement and recover incidental damages, provided,
<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;text-autospace:none"><span style="color:windowtext">however, Buyer must file suit within sixty (60) days from the scheduled date of closing or from the date<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:windowtext">Seller has informed Buyer in writing that Seller will not proceed with closing, whichever is earlier;<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:windowtext">Option B:<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;text-autospace:none"><span style="color:windowtext">Buyer may, at its option, (a) bring suit against Seller for Buyer's actual damages, (b) bring suit to<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;text-autospace:none"><span style="color:windowtext">specifically enforce this Agreement and recover any incidental damages, or (c) pursue any other rights or<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:windowtext">remedies available at law or equity.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:windowtext">Additional provision:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:windowtext">Neither Buyer nor Seller may recover consequential damages such as lost profits.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:windowtext"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext">Jimmy Garg, Esq.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext">Jimmy Garg, PLLC<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext">300 Lenora Street # 1063<br>
Seattle, WA 98121 <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext">206-580-3790 (p) 206-736-3218 (f)<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;background:white"><b><span style="font-size:9.0pt;font-family:"Segoe UI",sans-serif;color:black">Notice:</span></b><span style="font-size:9.0pt;font-family:"Segoe UI",sans-serif;color:black"> Unless you have previously
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<p class="MsoNormal" style="margin-bottom:0in;background:white"><span style="font-size:9.0pt;font-family:"Segoe UI",sans-serif;color:red">Please note that due to COVID-19, this office is not currently accepting in person appointments.</span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext"><o:p></o:p></span></p>
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