Lock-outs: the purchaser's remedy
Article Abstract:
The decision of the House of Lords in Walford v Miles (1992) 1 EGLR 207 was very significant in indicating that a 'lock-out' agreement which obliges a vendor to make a commitment to a prospective purchaser not to negotiate with anyone else can constitute a legally binding contract. It is likely that prospective purchasers who find that a property may be sold to someone else will wish to stop such a deal going ahead. This could present legal complications, as reflected in Tye v House (1997) 41 EG 160.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1997
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Basic requirements
Article Abstract:
Issues concerning the law governing the enforcement of building contracts are discussed. The rulings by the House of Lords on the recovery of damages for a breach of contract are examined in detail.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 2000
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Losing out in the race
Article Abstract:
Issues are presented concerning the liability of solicitors to pay damages to contract race losers. The calculation of damages and the factors on which they are based are discussed.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 2000
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