本文发表在 rolia.net 枫下论坛I believe it depends on the terms on your contract. The common practice is that the other party has the right to claim the loss they suffered from your breaking of the contract. The tricky point here is how to evaluate the "loss" and this is where the final dispute resides. The common law practice in Canada is that the plantiff can only get compensation for the direct loss they suffer but not indirect economic losses.
In your case, if you can prove that your withdraw of the agreement is not causing any loss to the buyer, you don't have to pay any compensation to the buyer. But most likely, the buyer may ask for some cost to be paid by you such as the travel/legal/documentation cost incurred to them for reaching the deal. It is reasonable since these costs are wasted due to your mind changing. Other direct costs such as their extra accommodation cost due to the change (for example they may already sold their house and need to stay in hotel or rent an apartment because you break the deal and cannot move in at the closing date). This portion is the only reasonable amount the buyer can claim. You may reduce this amount (maybe to 0) if you inform him/her reasonably early. According to the law, the other party involved in the contract should do their best to reduce the loss/damage. So they don't have to reason to over-expend and hope you to cover the cost.
The suggestion is to negotiate with the buyer and/or his/her broker, reach an agreement and write the terms down. If you cannot do it privately, consult some lawyer/attorney. But leagal fees could also be high.更多精彩文章及讨论,请光临枫下论坛 rolia.net
In your case, if you can prove that your withdraw of the agreement is not causing any loss to the buyer, you don't have to pay any compensation to the buyer. But most likely, the buyer may ask for some cost to be paid by you such as the travel/legal/documentation cost incurred to them for reaching the deal. It is reasonable since these costs are wasted due to your mind changing. Other direct costs such as their extra accommodation cost due to the change (for example they may already sold their house and need to stay in hotel or rent an apartment because you break the deal and cannot move in at the closing date). This portion is the only reasonable amount the buyer can claim. You may reduce this amount (maybe to 0) if you inform him/her reasonably early. According to the law, the other party involved in the contract should do their best to reduce the loss/damage. So they don't have to reason to over-expend and hope you to cover the cost.
The suggestion is to negotiate with the buyer and/or his/her broker, reach an agreement and write the terms down. If you cannot do it privately, consult some lawyer/attorney. But leagal fees could also be high.更多精彩文章及讨论,请光临枫下论坛 rolia.net