§ 1677
78 words·~1 min read·
/ca/civil-code/1677A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A provision in a contract to purchase and sell real property liquidating the damages to the seller if the buyer fails to complete the purchase of the property is invalid unless:
(a)The provision is separately signed or initialed by each party to the contract; and
(b)If the provision is included in a printed contract, it is set out either in at least 10-point bold type or in contrasting red print in at least eight-point bold type.