07/13/2023
https://supremeadvocacy.ca/2023/07/12/real-estate-agreements-of-purchase-sale-annulment-clauses/
Gu v. Nothdurft, 2023 ONCA 480 (CanLII):
The Court of Appeal has clarified when Vendors can rely upon the “annulment clause” contained in the the Ontario Real Estate Association (“OREA”) standard form Agreement of Purchase and Sale. Great summary by Supreme Advocacy LLP.
Real estate lawyers and realtors take note.
How should this standard form contractual provision be interpreted an applied?