To most people the important part of a contract is the part they sign, which sets out the names of the parties to the contract, the subject of the contract (in this case the property being bought and sold), the price and the date of settlement. However, the terms of the contract are carefully set out in the other part of the contract. It is this part of the contract that requires the most careful attention.
Some of the conditions set out on the second and subsequent pages of the standard form contract are explained under the following headings.
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