Contract Races and Misleading Buyers

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01
Competing buyers race
What facts show a seller is running a contract race between competing buyers?
02
Tell buyers about the race
When is a contract race professionally acceptable, and what must each buyer be told?
03
Check buyer disclosure
What communications or draft contract pack steps would you check to ensure no buyer is being misled?
04
Insist on disclosure
What should the seller’s solicitor do if the seller refuses to disclose the contract race?
05
Confidentiality cannot mislead
What is unsafe about using seller confidentiality to let other buyers believe there is no race?
06
Building block 6
A seller asks you to send packs to three buyers but to keep the race quiet. Explain the advice and what happens if the seller refuses.

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Contract Races and Misleading Buyers

Guided prompts in this topic

Competing buyers race

Tell buyers about the race

Check buyer disclosure

Insist on disclosure

Confidentiality cannot mislead

Building block 6