Legally Speaking Future Commission Not Deductible From Purchase Price; Deposit Lost — Failure to Act Expeditiously #398

A half-interest in a home is owned by a live-in resident, while the other half-interest is owned by non-residents…

Legally Speaking Conditional Clauses #250

Offers to purchase property often contain a condition that the offer is subject to a party obtaining legal advice, usually concerning the title or the terms of the offer…

Legally Speaking Best Efforts or Whim and Fancy Conditions #163

The subject of conditional offers and their enforceability continues to confound licensees and lawyers alike…

Legally Speaking Reference: The “72” Hour Clause #141

The time clause, which may be whatever number of hours the parties agree upon, is a useful tool for negotiating conditional offers but it can create problems when notice of an acceptable offer made by a second…

Legally Speaking Removal of Conditions and the Law and Equity Act #17

An offer to purchase the assets of a hunting and fishing lodge, was subject to a number of conditions, one of which was the following: “Subject to obtaining financing, provided that this subject clause shall be…