FLORIDA REAL ESTATE ATTORNEY AND BUSINESS LAW ATTORNEYS
COVID-19 has caused many buyers to want to cancel contracts either dealing with real estate purchases, vessel purchases, materials or equipment. Many contracts in Florida contain a Force Majeure clause that permits closing dates to be extended, or even cancelled if there is an act of God, terrorism, hurricanes, accidents, storms or other events “beyond the Seller’s control” that do not permit the contract to go through or be completed.
Not all Force Majeure clauses are written the same. And not all Force Majeure clauses permit cancellation. Most allow for postponement or time periods to be extended, particularly closing dates, due to the inability to comply with the contract terms.
We are getting many calls daily to review contracts for buyers and sellers to interpret the Force Majeure clause in their particular contracts. If you need a contract reviewed, free of charge, the Law Offices of Jacqueline A. Salcines is here to help.
Call us, email us, Skype or Facetime. We are one phone call away and happy to help our community in this time of need.
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