Optional Liquidated Damages in Arkansas Commercial Real Estate Purchase and Sale Agreements
by Timothy W. Grooms and Mary-Tipton Thalheimer |
“Parties to commercial real estate purchase and sale agreements commonly include liquidated damages provisions whereby the parties agree to the amount of damages a non-breaching party will receive in the event of a breach. The purpose of this article is to inform sellers about Arkansas law on liquidated damages provisions in commercial real estate purchase and sale agreements.”
Note: The above is an excerpt from an article written by Timothy W. Grooms and Mary-Tipton Thalheimer for The Practical Real Estate Lawyer. Please click on the link below to read the entire article. Reprint of this article is courtesy of the American Law Institute Continuing Legal Education, www.ali-cle.org.
For more information about this article or other real estate matters, please contact Timothy W. Grooms at tgrooms@QGTlaw.com, 501.379.1713, or Mary-Tipton Thalheimer at mthalheimer@QGTlaw.com, 501.379.1742. Mr. Grooms and Ms. Thalheimer are both located in the firm’s Little Rock office. Tim’s primary areas of practice are real estate, banking, mergers and acquisitions, and commercial transactions. Mary-Tipton concentrates her practice on bankruptcy and debtor and creditor rights.