A compromise agreement that is basically an error that was not known to one of the parties will provide grounds for its cancellation

A landowner and a developer signed a combination agreement to build an office tower.  A cautionary note was recorded in favor of the developer.  The developer did not build the building, but for 18 years acted as the owner of the property: demolished an old structure, promoted a zoning plan that significantly increased the land’s […]

After an agreement for the sale of a residential home was signed and the late provision of Form 4 (Occupancy Permit) by the seller, the purchasers failed to timely pay the balance of the consideration.  Shortly thereafter, the seller sent an immediate notice of termination based on a material breach of contract. The Supreme Court […]

After the purchasers had paid a significant portion of the agreed consideration under a sales contract for a second-hand apartment, the sellers became embroiled in divorce proceedings.  As a result of the dispute, the wife refused to hand over possession of the property on the agreed date.  Despite the husband’s attempts to evict the wife […]

An individual purchased plots of land after being exposed to television advertisements and representations made during meetings with the sellers, according to which the plots were being sold at a discounted price and were ready for construction. Following the purchase, the buyer discovered that the reality was far from the advertisements and sought to cancel […]