Sale and Purchase Agreement

storming · Aug 4, 2011

The Sale and Purchase agreement was reported to be "legally-binding". What does it mean and what are the penalties if Heaney fails to complete? Anyone?

Anonymous · Aug 4, 2011

storming":2hxwyg0u said:
The Sale and Purchase agreement was reported to be "legally-binding". What does it mean and what are the penalties if Heaney fails to complete? Anyone?

probably the same penalties for moving the deadlines............. nowt
its all been a sham

Graham Evans · Aug 4, 2011

No penalties for Heany although Guilfoyle will look like a prize dick.What a shame for such a nice guy.

Chancellor · Aug 4, 2011

It depends, if Heaney's solicitors really did provide an undertaking that the funds were available to complete, I would imagine they would be having a restless night. Breach is serious misconduct and Guilfoyle could look to sue.

Quintrell Green · Aug 4, 2011

Chancellor":r6mjiu9a said:
It depends, if Heaney's solicitors really did provide an undertaking that the funds were available to complete, I would imagine they would be having a restless night. Breach is serious misconduct and Guilfoyle could look to sue.

That is how I read it, but, I should think the solicitors would have been sufficiently canny to make their undertaking subject to contingencies, which would give them wriggle room.

storming · Aug 5, 2011

Thanks for your replies. So "legally-binding" could mean nothing or heavy penalties that Heaney could add to his list of payments-due.

Mike Greening · Aug 5, 2011

storming":o5oprplr said:
Thanks for your replies. So "legally-binding" could mean nothing or heavy penalties that Heaney could add to his list of payments-due.

The words that spring to mind are "not worth the paper it's printed on" :wtf:

Sale and Purchase Agreement

storming

Anonymous

Guest

Graham Evans

Chancellor

Quintrell Green

storming

Mike Greening