breach,Escrow Account
How to get back the money in an escrow account in case of breach of agreement by the seller
How do I get back the money in an escrow account if the seller breaches the agreement?
By  Nehal Luthra  |  01 Jun 2016  |  Upvotes: 0  | 

1 Answer(s)

Tushar Bhargava
Advocate

If the seller is in breach of the agreement to sell, the seller’s signature or a court order is required for the funds to be returned to the buyer. If the buyer breaches the agreement and the terms of the contract state that the funds may be treated as liquidated damages, the buyer’s signature is required before funds are released to the seller.

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