Best Contract Lawyers in Milagro
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List of the best lawyers in Milagro, Ecuador
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Ecuador Contract Legal Questions answered by Lawyers
Browse our 1 legal question about Contract in Ecuador and read the lawyer answers, or ask your own questions for free.
- Can I enforce the penalty clause and get my deposit back after a developer breached a pre-construction contract in Quito?
- I signed a notarized promise of sale agreement with a property developer for an off-plan apartment in Quito, paying a 20% deposit upfront. The contract stipulated a strict completion deadline that passed six months ago, and construction has completely stalled. The builder refuses to communicate or refund my money, and... Read more →
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Lawyer answer by In Solidum Abogados
Yes. Under Ecuadorian law, you may be entitled to recover your deposit and enforce the contractual penalty clause if the developer has breached the notarized promise of sale agreement. Article 1505 of the Ecuadorian Civil Code allows the non-breaching party...
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