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Over the 41 years of our life as a West End practice, we have combined our expertise and enthusiasm with an impressive professional network to consistently achieve excellent results. We have the experience to achieve the best outcome, delivered by a team that will get to know you and your case personally.

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Dispute Resolution

Deposits on Exchange of Contracts

On exchange of contracts, it is usual for the buyer to pay the seller a 10% deposit of the purchase price. Any defaulting buyer is obliged to forfeit the deposit to the seller in remedy for their breach of contract. However, there remains an uncertain area of law concerning whether or not larger deposits (above 10%) actually make the contract voidable entitling the buyer to receive their deposit back. This article explores the case law surrounding the issue and analyses the potential impact this could have upon the market

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