Exclusive Agreement For Selling And Buying Land (Freehold Or Leasehold)

An exclusivity agreement, also known as a lock-out agreement, is a legal document in which a seller agrees not to negotiate with another prospective buyer for a period of time. This agreement is for the sale and purchase of freehold and/or leasehold land.

• That the agreement is for the sale of freehold and/or leasehold land, and not for any other type of property;

• That the agreement sets out a period of time during which the seller will not negotiate with another prospective buyer; and

• That the agreement is signed by both the seller and the buyer