template

Indemnity Agreement With Private Developer And Compulsory Purchase Order (CPO)

by
Genie Team
Genie Team
Sep, 28 2022

When to use this template

This document is an agreement between an acquiring authority and a private developer in which the acquiring authority agrees to fund and assist the private developer with a compulsory purchase order (CPO), and the private developer agrees to assist the acquiring authority with the CPO process and pay the acquiring authority all costs incurred during the process and all compensation payable.

Key issues covered in this template

  • Delivery method
  • Determining disputes
  • Disclosing information
  • Document form
  • Effective date
  • Land interest
  • Language of procedure
  • Notices
  • Request approval
  • Waiver
  • N/A

What to watch out for

  • The agreement should outline the roles and responsibilities of the acquiring authority and the private developer

  • The agreement should identify the property or properties to be acquired under the CPO

  • The agreement should specify the compensation to be paid to the private developer by the acquiring authority

  • The agreement should identify any conditions attached to the CPO or the indemnity agreement

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Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

Additional information

Business categories

Relevant sectors

Construction

Real Estate

Relevant company sizes

1 - 3

4 - 19

20 - 49

50 - 249

250 - 999

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes