Aspiring Law

08 Nov 2011

​The Importance of Clear Drafting in Contracts

“A verbal contract isn’t worth the paper it is written on”- Sam Goldwyn Sam Goldwyn recognised the importance of a written contract. A recent Supreme Court case (Vector Gas Limited v. Bay of Plenty Energy Limited) highlights the importance of careful and accurate drafting of contracts. Read more ›

08 Nov 2011

Listing Authorities / Your Obligation to Pay Commission

It is important to read the terms of the listing authority so you know how long you are appointing an agent for, especially if it is a sole listing, and when the listing comes to an end. It is also important to know when you have to pay the agent a commission. Read more ›

01 Nov 2011

​The Difference Between Best Endeavours and Reasonable Endeavours Clauses

When a party to an agreement for sale and purchase doesn’t want to be under an absolute obligation to have to do something, it is usual to add a clause which requires a party to use “best endeavours” or “reasonable endeavours” to do that thing. But what do those phrases mean? Read more ›