S32 Vendor Statements – Drafting for Risk, Clarity & Compliance – Leo Cussen Centre for Law

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S32 Vendor Statements – Drafting for Risk, Clarity & Compliance

S32 Vendor Statements – Drafting for Risk, Clarity & Compliance

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Section 32 Vendor Statements are a critical component of property transactions, with significant risks and strategic value that can be overlooked without proper due diligence. This seminar will go beyond the basics to examine the evolving interpretation of vendor disclosure obligations and the consequences of defective statements. 

This seminar is designed to enhance the practical skills of practitioners in drafting, reviewing and advising on vendor’s statements, including:   

  • Common traps in drafting and reviewing vendor’s statements  
  • The use of certificates and due diligence in transactions  
  • What documents should be provided in a s32  
  • Strategically advising the buyer/seller on disclosure obligations 
  • Drafting vendor’s statements that can anticipate purchaser’s objections 
  • ‘Material fact’ and ramifications of non-disclosure  
  • Navigating defective vendor’s statements that may give rise to rescission, compensation, or disciplinary consequences 
  • What are the ramifications of failing to provide or providing a non-compliant s32  

The seminar will refine your skills in drafting, reviewing, and advising on vendor’s statements, strengthening your practical skills for your next client.