Text for Terms & Conditions
T's & C's: Reliance on Undertakings
- Change date
- 18/06/2023
- Word count
- 182
- Deployment measure
- 9/10
Rationale
The lack of advice to a client on undertakings creates a serious risk of professional liability for all solicitors, particularly those involved in conveyancing.
The property conveyancing system relies on seller’s solicitors giving undertakings, particularly to use funds only for the purpose of the sale and to discharge lenders’ charges over the property. An
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