Freehold Property Sale
Company D Ltd. owned a substantial freehold property and entered into a conditional contract of sale of the property. In entering into this contract the company relied upon the advice of a small provincial firm of solicitors. The purchaser failed to meet deadlines within the contract but registered a unilateral notice of contract with the land registry effectively blighting the property. The company was then approached by another purchaser who was prepared to buy the property unconditionally. The company needed urgent advice as to the voidability of the original contract and whether their solicitors were negligent in their advice. The advice was needed very quickly in order to assess the situation and avoid loosing the new prospective buyer. Authoritative advice was given within 48 hours allowing the directors to make decisions regarding a property worth in excess of a million pounds.