Cal. Civil Code § 1677 : Liquidated Damages — California Civil Code — Obligations — Default On Real Property Purchase Contract — Provision invalid

  • Date:

Current through the 2016 Legislative Session

A provision in a contract to purchase and sell real property liquidating the damages to the seller if the buyer fails to complete the purchase of the property is invalid unless:

(a) The provision is separately signed or initialed by each party to the contract; and (b) If the provision is included in a printed contract, it is set out either in at least 10-point bold type or in contrasting red print in at least eight-point bold type.
Ca. Civ. Code § 1677
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