How can we determine if a previous contract is still binding?
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How can we determine if a previous contract is still binding?
My family and I own land which we had on the market this year. Our contract ended about 2 months ago. In the contract it says that if we sell the land within 6 months of the end date, we are still bound by the contract. We were contacted by a solar company also around 2 months ago, asking if we would like to enter into an agreement with them to see if our land is feasible for their use. They would need 1 year to assess the land, with the sale not occurring until about 11 months ago at the earliest. Are we still legally bound by the existing contract?
Asked on December 19, 2016 under Real Estate Law, Washington
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
For a precise answer, you need an attorney to review the *exact* language of the contract with you: contracts are governed by their precise terms. That said, most often, if you enter into a contract to sell the land with them during that 6-month-period, or if they first looked at the land during the contract term, you would still be under the contract. But again, that's just a general rule or what commonly happens; if you need to look at the details of your contract and its precise language to be certain.
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