000			01412cab a2200193 4500
001			ABS39663
008			090401t1988 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u18118
041			_aeng
245			_aRonald Preston and Partners v Markheath Securites plc
260			_c1988
350			_a0
490			_aEstates Gazette _v(8831) 6 August 1988, 57-63(4)
520			_aQBD 30 March 1988. The plaintiffs (R), a firm of estate agents and the defendants (M), a property developer were engaged in negotiations for the purchase of a building and its adjacent land. R was acting as agents for the vendors and was assured that he would be retained as M`s agents. R claims that at a meeting in December 1980 it was agreed that their fee should be 10% of the first year`s rent, irrespective of who let the property, and on the sale of the property after letting 3% of the price realised as a project management fee. They also claimed that if M decided not to sell the property they were still to be paid the 3% of what the property would have fetched. The property was let by M without the assistance or knowledge of R and was not sold. M offered R no fee. The court held in favour of M although showing great sympathy for R, on the basis that no binding agreement had been made.
650			_aCOMMISSION
690			_aMANAGEMENT-BUSINESS MANAGEMENT-PROFESSIONAL PRACTICE
942			_n0
948			_c04/03/1997
999			_c12014 _d12014