This checklist provides guidance on the advice practitioners need to give vendors when purchasers are in breach of the contract, to enable the vendors to make an informed decision.
Many of these issues are also relevant to advising purchasers who have breached the contract.
Advising vendors when purchasers default checklist.pdf
Covering:
- Contract of sale
- Breach
- Penalty interest
- Conduct of vendor
- Without prejudice discussions
- Default notice v rescission notice
- The notice
- Costs
- Insolvent purchaser
- Advising a barrister
