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Successful Cancellation of Commercial Property Contract and Defense Against 800 Million KRW Liability

26-06-16 110

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1. Case Overview

The client paid a deposit of approximately 80 million KRW to purchase a commercial property in Incheon. However, upon discovering that the explanations provided during the sales process regarding loan availability, transportation development plans, and rental income were completely different from the actual conditions, the client filed a lawsuit seeking the cancellation of the contract and the return of the deposit.

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2. Unique Aspects of the Case

The sales agency induced the contract by emphasizing high loan availability and stable rental income, which significantly differed from the actual business environment. The core issue in this case was determining whether the explanations provided during the sales process constituted false/exaggerated advertising or deceptive practices.

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3. Attorney Assistance

We meticulously reviewed the promotional materials, consultation contents, and the circumstances surrounding the contract execution provided at the time of sale to prove the sales agency's deceptive practices. Additionally, we actively asserted relevant legal principles, such as violations of the Door-to-Door Sales Act, to emphasize the justification for terminating the contract.

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4. Result of Assistance

Through court mediation during the trial process, the commercial property supply contract was mutually terminated. The client was able to settle the issue of the already paid deposit and simultaneously escape the obligation to pay approximately 800 million KRW in intermediate and final payments. This secured a successful outcome that prevented a massive potential economic loss in the future.

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