Hands off

Heighton, M.

Hands off - 1998 - Estates Gazette (9807) 14 February 1998, 132-134(3) .

Lock-out agreements are a useful tool for helping companies secure a site as they negotiate a purchase but parties should be aware of the pros and cons of such arrangements. This article looks at five important areas: the nature of the agreement; liability for breach; commencement of the exclusivity period; the length of this period and other provisions.


EXCLUSIVITY AGREEMENT
LIABILITY
LOCK-OUT AGREEMENTS
OFFICE DEVELOPMENT