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Terms Used In Maryland Code, REAL PROPERTY 10-106

  • Contract: A legal written agreement that becomes binding when signed.
If the purchaser, on or before the date designated in a notice from the vendor of intention to terminate a land installment contract due to the purchaser’s default, complies with the terms and conditions in respect to which the default has occurred, the contract continues in full force and effect, notwithstanding any contrary provision in the contract.