If the sales contract is neither terminated nor terminated by the terms of the sale agreement, the buyer or seller may demand «real damage» for breach of the sales contract or «PREVIOUSLY WRITTEN PURCHASE AGREEMENT: this sales contract is not subject to the termination of a sales contract previously written with the state of . Fortunately, at least in Minnesota, the boilerplate language in the standard sales contract usefully breaks down all the things that qualify as features. Lines 172-174 of the association agreement provide that if the buyer is late in the terms of the contract, the seller can terminate the term in this situation, refers to the legal procedure in the Minnesota Statutes, Section 559.217, Subd. 3 to put an end to the effectiveness of a sales contract. «Real damage» generally refers to the actual loss of money to the buyer or seller resulting from a breach of the sales contract by the other party, including losses that may have been incurred by the current transaction. The term «unfulfilled condition» probably refers to the state of affairs in which a condition of the sales contract that protects the buyer or seller from compliance with the terms of the sales contract is not met. At the expiry of that date, one of the parties may terminate the sales contract in writing to the other party, in this case under the terms of the sales contract: the term «resignation» – if used in connection with the contract of the association – probably means the seller`s complaint to terminate the buyer`s interest in the sale contract. either the buyer or seller can the sale contract according to the Minnesota Statutes, Section 559.217, Subd.» «Resign.» 3 – unless the other party: if the sales contract provides that the sales contract has been «terminated» by its own terms, this provision is considered to be the authorization of a «reporting cancellation» pursuant to the Minnesota Statutes, Section 559.217, Subd. 4. See also, «Sneak Peek: 2018-2019 Minnesota Real Estate Contract Changes»; «Sneak Peek: 2017-2018 Minnesota Real Estate Changes»; «New Homeowner `To Do` List: Change Locks, Meet Neighbors, Reprogram Nest (Huh?!?)»; «Fixture Confusion»; And «As they say, if something is a fixture.» Lines 175-180 of the Association Agreement do not recognize that the termination of a purchase contract under the Minnesota Statutes, Section 559.21 will likely be the support of a lawyer on the right to: See also, «Sneak Peek: 2018-2019 Minnesota Real Estate Amendments»; and «Sneak Peek: 2017-2018 Minnesota Real Estate Changes.» The consequences of a buyer`s or seller`s default – identified in lines 172-183 of the 2015 version of the Minnesota Realtors Association (`Association`), Primary purchase contract (hereafter the «association contract») – include one of the most important sections of the association contract, but use legal terms and legal concepts that cannot be well understood by the parties to the agreement.