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Sale Purchase agreement.
Mission193
Posts: 29 Forumite
Hi
i am having a debate.
Can a partie back out of a SPA agreement without consequences ?
i am having a debate.
Can a partie back out of a SPA agreement without consequences ?
0
Comments
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Hold this "SPAA" up a bit, I can't read it from here.2
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You need to put a bit more effort into your post if you want anyone to help you.1
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What's an SPA??
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There's a clue in the subject line...but it's a fairly meaningless question until the OP clarifies what is being sold/purchased, in what jurisdiction, and what the contract says.NameUnavailable said:What's an SPA??0 -
davidmcn said:
There's a clue in the subject line...but it's a fairly meaningless question until the OP clarifies what is being sold/purchased, in what jurisdiction, and what the contract says.NameUnavailable said:What's an SPA??SPA = 'sale purchase agreement' yes I get that, but what exactly is it?Assuming they are referring to a normal sale/purchase of a residential property in England/Wales then there is no obligation on either side until exchange of contracts. Until that point either side can withdraw and has to meet their own costs (i.e. surveys, any legal costs incurred etc).0
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