Getting a deposit or compensation if the buyer backs out after signing the MOU

Yes, ask the buyer for a guarantee check.

Yes, it will be according to the clauses mentioned in the MOU.

But normally, if the buyer cancels the transaction, the seller has the right to retain the amount of the cheque deposited by the buyer.

To advise you of all the possibilities, we have to review the document. After that, we will arrange a legal consultation session for a charge.

Share your WhatsApp number if you want to go with the services.

Hi,

According to your query, you will have to check the clauses of the MOU if there is any clause that provides a remedy in case of a breach of the MOU.

Hello,

As per your query, please note that if the buyer has refused to proceed, you can deposit the cheque and claim compensation.

Please email us the MOU, the termination by the buyer, and the payment details, or call us.

Dear Questioner

In such circumstances, you can retain the security deposit if the buyer refuses to proceed with the sale.

In certain conditions, you can also claim compensation. However, it would be advisable to review the MOU for further clarification.

If you need our assistance in your matter, please provide your WhatsApp number.

Dear Client,

Thanks for your question, I hope you are doing well. I will definitely assist you in this matter.

Your entitlement to a deposit or compensation depends on the terms specified in the MOU (Memorandum of Understanding) you signed with the buyer. Review the MOU for any clauses related to these matters.

For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.

We will definitely be happy to help you.

Thanks & Regards

ABDUL WAHIED