Contract of Purchase and Sale – more ways to avoid being sued #355

Legally Speaking

By Gerry NeelyB.A. LL.B. If a seller and licensee fail to consider paragraph 9 of the Contract of Purchase and Sale – that is, they do not list the encumbrances to remain on title – they risk a lost sale and a lost commission, respectively. The theme of this column stems from a licensee’s questions about whether