Common Contracts
1 similar Pre-Emption Agreement contracts
PRE-EMPTION AGREEMENTPre-Emption Agreement • December 17th, 2015
By entering into this Agreement you are required to pay the amount reflected in Clause 2.1 of the Schedule, which payment shall secure a Right of Pre-Emption in respect of the unit described in Clause 1 of the Schedule. Such payment is a non-refundable deposit and should you fail and/or neglect to fulfil your obligations as per the Terms and Conditions below, then the full amount of the payment shall be retained by the SELLER. Should you elect to exercise your Right of Pre-Emption and fulfil all your obligations as per the Terms and Conditions below, the amount reflected in 2.1 of the Schedule shall be offset against the purchase price of the specified unit. The PURCHASER hereby provides an irrevocable authorisation to the CONVEYANCERS authorising them to pay the amount reflected in 2.1 to the SELLER or its nominated agent after signature of this Agreement.
