000			01408cam a2200241 4500
001			ABS65768
008			020715n2002 000 0 eng u
035			_a(Sirsi) u118819
100			_aHeighton, M
245			_aLock up and go
260			_c2002
490			_aEstates Gazette _v(0225) 22 June 2002, 146-147(2)
520			_aExamines lock-out agreements in the context of an investor looking to sell a prime investment, and addresses issues that the seller should consider when entering into such an agreement. Discusses the nature of the seller's obligations and explains that by entering into an agreement the seller is not committing to the proposed sale but is prevented from selling the property to a third party during the lock-out period. Advises that sellers should be wary of agreements that are not in a formal written form and suggests that an effective lock-out agreement should include the payment of a non-refundable deposit and clearly set out the length of the lock-out period. Also considers the type of obligations that the seller should impose on the buyer and explains what happens if the seller is in breach of the lock-out agreement.
590			_aABS
650			_aLOCK OUT AGREEMENTS
650			_aINVESTMENT
650			_aBUYERS
650			_aSELLERS
650			_aDEPOSITS
650			_aOBLIGATIONS
690			_aPROPERTY AND LAND LAW-CONVEYANCING
942			_n0
999			_c70730 _d70730