Allen Buchanan: Seller refuses to close – now what?

Commercial real estate transactions are contractual – buyer and seller both agree to do something in return for consideration – something of value. So, what happens if the seller decides arbitrarily that he doesn’t want to complete the deal? As I am not an attorney, I will not delve into the legality of such a position but rather explore the situation as a layman.
A normally motivated buyer and seller will negotiate a purchase price, enter an agreement which outlines