We enter into contracts when we contract employees, when we negotiate a deal with a business and in numerous other circumstances. However, the other party in the contracts we agree to may not always hold up its end of the bargain. In these situations, you may be able to seek different remedies in court -- like financial compensation -- from the party that has breached the contract.
When you plan to purchase a piece of commercial real estate, you no doubt want the transaction and "deal making" process to be completed as quickly as possible. This may result in your pressuring the selling party to close on the deal fast. The seller, worried that the deal will not go through, could be more than willing to comply with your request.