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Reservation Agreement
17 October 2019
1 min read

Reservation Agreement

A precedent Reservation Agreement has been added to the sale and purchase of land guides. The agreement is designed to bind the parties to an agreed pre-exchange time frame in which the seller will not deal with third parties, and the buyer will either exchange the offered contract or withdraw on discovery of serious adverse affectations through the usual investigations, searches and enquiries. By this means the parties are able, immediately following agreement and issue of the contract, to be confident that the transaction will proceed in the absence of unforeseen and unexpected circumstances.
Conveyancing and Property
New Publication Announcement
30 September 2019
1 min read

New Publication Announcement

By Lawyers has a new publication: Companies. With a comprehensive commentary and precedents, the companies publication deals with not only the incorporation of a new company, but also the ongoing running of a company and the hiccups that can occur along the way. The commentary discusses many issues such as: Appointing company officers; Articles of association; Shareholders agreements; Meetings, resolutions and records; Transfer of shares; and Tax. The matter plan provides the many essential everyday precedents as well as the more complex including: Two shareholders agreements, one concise and one extensive; Share certificate; Two agreements for sale of shares: one concise and one extensive; Deed of trust for purchase of shares by a trustee; Library of option precedents; and All of the necessary consents, minutes and resolutions. The new Company publication is available through the Legal Guides tab on the Forms & Precedents button in the LEAP matter.
Business and Franchise
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