Updated protocol for Exchange & Hold to Order

The Law Society has proposed sweeping changes to the way in which contracts are exchanged and has proposed, for the first time, a formal clarification of what is meant by “Hold to Order”. The changes will lead to the “abolition” of the current exchange formulae.

This webinar will look at the proposals including:

• Preliminary requirements
• The Protocol for immediate exchange
• The Protocol surrounding exchange involving a release of contracts
• Post exchange obligations
• Holding to order of deposits & documents
• Practical considerations.