Contract Writing: Subject to Sale Clause

What is a “Subject to Sale” clause? Does it benefit the Buyer or Seller, or both? Are you aware of the variations and add-ons that can accompany the clause?

 

Subject clauses are one of the most complicated aspects of a Contract of Purchase and Sale. This full-day course is intended to provide tools and knowledge to help you understand what the “Subject to Sale” clause is; the advantages and disadvantages for buyers and sellers and the legal issues around backup offers.

 

This course will help prepare you for situations involving the “Subject to Sale” clause and raise your awareness of the importance of timing and potential consequences that can arise from not fully understanding the clause.

 

Learning objectives:

• Define the Subject to Sale Clause
• Understand that time truly is essential in this clause
• Know how to deliver notice
• Spot the difference between clauses
• Know how to handle backup offers

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