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Practitioners and legal executives can add real value for their clients by providing proactive and practical advice to both vendors and purchasers regarding the scope and application of the vendor warranties in the Agreement for Sale and Purchase – prior to the signing of the agreement and when potential breaches arise, before or on settlement.
This webinar will cover the scope of the following vendor warranties:
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Authors: Barbara McDermott, Gill Whinray
Published: 10 March 2020
Pages: 82
The purpose of this paper is to provide conveyancing practitioners with an understanding of the scope of the vendor warranties and undertakings in cl 7, cl 14 (zero rating) and cl 15 (sale of a going concern) and the circumstances where a claim for compensation may be made under subcls 10.1 and 10.2(1) of the ADLS/REINZ Agreement for Sale and Purchase of Real Estate (Tenth edition 2019), referred to as the Tenth Edition. A sample copy of the Tenth Edition is set out in Appendix 1.
The paper will also provide practical advice on how to identify, prevent and handle issues and disputes before or after they arise. This paper has focused mainly on the warranties that cause the majority of issues in practice.
It is beyond the scope of this paper to cover any vendor warranties regarding unit titles.
These are the slides included in the webinar presentation.
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Norris Ward McKinnon
Hamilton
Norris Ward McKinnon
Hamilton