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I am a seller, and we were negotiating for 4 months. Now the agreement is over, and the buyer gave us 3 lakh rupees during the negotiation. What should I do now as the agreement’s time is over? The agreement mentions that the buyer will lose the money if registration isn’t done on time.
As a seller, if the buyer has breached the agreement by not completing the registration, you can retain the amount as per the terms stated. You can also file a legal suit for breach of contract if the buyer refuses to complete the registration and does not adhere to the agreement. For further legal assistance contact us on our helpline number.