Friday, August 10, 2007

Another intersting attorney approval clause case:

Jennings v. Baron, No. 2-06-0826 (July 26, 2007) Trial court erred when it granted summary judgment to plaintiffs, prospective sellers, for breach of contract allegedly committed when defendants refused to purchase their home. Buyers' attorney successfully invoked provision in attorney approval clause allowing him to declare contract null and void after parties failed to come to successful resolution of his request, to add provision conditioning buyers' obligation on mortgage company's appraisal setting value at no less than contract price.

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