Default provisions define the consequences of a failed closing. Review the trigger, notice, cure, and remedy language together rather than assuming the deposit resolves every dispute.
Map the remedy
Index the default event, notice method, cure period, deposit treatment, specific performance language, and damages limitation. Note whether the provisions differ for buyer and seller default.
Preserve the record
Keep notices, delivery proof, escrow statements, and amendments with the executed contract. Distinguish a reserved claim from an exercised remedy in the transaction log.
Sources and limitations
Remedy enforceability depends on wording and governing law. This is not legal advice.