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A form of contract between a buyer and seller of a property, that prevents the seller from dealing with other prospective buyers during an 'exclusivity period', thereby protecting the buyer from being gazumped during this period. It doesn't bind the seller to sell the property nor the buyer to buy the property. After the exclusivity period expires the seller is free to deal with other prospective buyers.
Drafted by solicitors for straightforward completion, each pack contains four copies of the form and includes a completed example with guidance notes on filling it in.
Valid in England & Wales only.
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