Question
Problem Question Youactforthepurchaserinapurchaseunderacontract forthesaleandpurchase ofland. ThecontractisstandardE-contractforsaleoflandinNSW2022ed.However, the contract includesthe followingspecialcondition. ' A .Ifandintheeventthatthepurchaseraforesaidatanytimebeforecompletionmeetshis orherdemise,losescapacity,howsoevercharacterized or,isdeclaredbankrupt,orbeinga companyhasareceiverappointed,iswoundup,deregisteredorgoeseitherintoliquidation or receivership,whethervoluntarily orinvoluntaryand howsoeverdescribed,orinthe event ofbeingatrusteeofaself-managed superannuationfundthatceasesforthwithtobe compliantwiththeprovisionsofthesuperannuationlawsinforcefromtimetotime,thenthe vendormaybyelectronic
Problem Question
Youactforthepurchaserinapurchaseunderacontract forthesaleandpurchase ofland. ThecontractisstandardE-contractforsaleoflandinNSW2022ed.However, the contract includesthe followingspecialcondition.
'A.Ifandintheeventthatthepurchaseraforesaidatanytimebeforecompletionmeetshis orherdemise,losescapacity,howsoevercharacterized or,isdeclaredbankrupt,orbeinga companyhasareceiverappointed,iswoundup,deregisteredorgoeseitherintoliquidation or receivership,whethervoluntarily orinvoluntaryand howsoeverdescribed,orinthe event ofbeingatrusteeofaself-managed superannuationfundthatceasesforthwithtobe compliantwiththeprovisionsofthesuperannuationlawsinforcefromtimetotime,thenthe vendormaybyelectronic noticetothepurchasertherebyandforthwithrescind,terminate, causetoberescinded, ceaseandputtoan end thisandeveryclause ofthiscontract, whereupon,heretofore,andnotwithstandingthepriorentryintothiscontractbytheparties, orbytheparties'representativesoragentsdulyauthorized,includingthoughallandany electronic processes,thevendorshallrefundthedepositinamannerthatisconvenientto the vendorbutnotunreasonable,paidtodateandthereafterthepartieswillhavenofurther claimsforloss,damageorotherdetrimentagainsttheotherunderthiscontractandincluding thistermandall its due import.'
Youdonotbelievethatthe specialconditioninsertedbythe vendor's solicitoriseitherwell draftedorbestprotectsyourclient.Youbelieveyour clientisentitledtothe samebenefitof thisclauseifit isinsisted upon bythe vendor's solicitor.
Required
(a)Redraftthespecialconditionapplyingtheprinciplesofplainlanguageandmodern drafting principles.
(b) Explainand providereasonsforwhyyouhavemadethe changesthatyouhave.(c)Explainhowyouwillcommunicate yourproposedchangestothesolicitoractingfor the vendor and whatform ofcommunicationyoubelievetobe bestforthispurposeand whythroughappropriatetechnology.
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