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Liquidated Damages Housing Developers

Burns & Levinson LLP

Is Your Liquidated Damages Provision Sufficient to Make You Whole?

Burns & Levinson LLP on

The obvious purpose of a liquidated damages provision is to make your client whole in the event that your business partner breaches the agreement. Nevertheless, K.G.M. Custom Homes. v. Prosky highlights that simply having a...more

Snell & Wilmer

Anticipating Earnest Money “Damages” – Don’t Assume It

Snell & Wilmer on

The Arizona Supreme Court issued an opinion last month in Thomas v. Montelucia Villas, LLC, 2013 Ariz. LEXIS 152 (June 14, 2013) that adds a few wrinkles to efforts by sellers in real estate transactions to retain “earnest...more

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