We signed an agreement with a developer and he agreed to construct a multi storeyed building on our land.
He also gave us an initial amount of forfeited money .
As per the agreement signed,he is supposed to provide us a temporary relocation (shifting); which he is unable to do now. So this is his inability,not ours.
Now he is saying that he will have to cancel the agreement.
If the cancellation is done, do we have to return that forfeited money ?
He also gave us an initial amount of forfeited money .
As per the agreement signed,he is supposed to provide us a temporary relocation (shifting); which he is unable to do now. So this is his inability,not ours.
Now he is saying that he will have to cancel the agreement.
If the cancellation is done, do we have to return that forfeited money ?
Construction Contracts: Developer and Forfeit Money
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