Being held over a barrel
Posted by Justin on Jan 28, 2010 in Blogs, buying-pubs, English Pub, legal-procedure, pub-sales | 0 comments It is fairly common, when buying or selling a pub, to have a simultaneous exchange (of contracts) and completion. Partly this is because the parties’ preferred completion date is too soon to allow for all the pre-contract work to be finished a couple of weeks before the completion date – as a result, the parties often book removal arrangements, etc, on trust. This trust can be...read more