Common use of Grant of Exclusivity Clause in Contracts

Grant of Exclusivity. The Seller agrees that in consideration of the payment by the Buyer to the Seller of the sum of £[ ] (“the Exclusivity Sum”) on the signing hereof (receipt of which the Seller hereby acknowledges) during the Exclusivity Period: (A) No sale Contract or details of the title of the Property will be sent to anyone other than the Buyers solicitor. (B) No negotiations will be conducted with any third party for the sale of the Property. (C) No other person will be allowed to view or obtain a survey of the Property. (D) No commitment will be entered into during the Exclusivity Period to proceed with any third party immediately after its expiry. (E) That during the Exclusivity Period the Seller will enter into a contract for sale of the Property at the Purchase Price with completion within 14 working days from the date of exchange of contracts. (F) The Buyer may at his own discretion make further payments to the Seller under this Exclusivity Agreement. (“the Exclusivity Payments”) • The Exclusivity Payments if made will be noted in the Schedule to this Exclusivity Agreement and signed by the Buyer and the Seller simultaneously to the Exclusivity Payments being made. (G) The Exclusivity Payments (if any) and the Exclusivity Sum will be collectively known as the Deposit (H) The Deposit will be entered as the deposit on exchange of contracts and therefore shall be deducted from the Purchase Price on completion of the sale of the Property (I) The Seller and his solicitor will comply with any reasonable requirement of the Buyer and his solicitor during the Exclusivity Period in relation to deducing title to the Property or any other matter that is required by any lender of the Buyer may be arranging mortgage finance with or anything that a prudent Buyer may require (“the Required Information”)

Grant of Exclusivity. The Seller agrees that in consideration of the payment by the Buyer to the Seller of the sum of £[ ] (“the Exclusivity Sum”) on the signing hereof (receipt of which the Seller hereby acknowledges) during the Exclusivity Period: (A) : No sale Contract or details of the title of the Property will be sent to anyone other than the Buyers solicitor. (B) . No negotiations will be conducted with any third party for the sale of the Property. (C) . No other person will be allowed to view or obtain a survey of the Property. (D) . No commitment will be entered into during the Exclusivity Period to proceed with any third party immediately after its expiry. (E) . That during the Exclusivity Period the Seller will enter into a contract for sale of the Property at the Purchase Price with completion within 14 working days from the date of exchange of contracts. (F) . The Buyer may at his own discretion make further payments to the Seller under this Exclusivity Agreement. (“the Exclusivity Payments”) • The Exclusivity Payments if made will be noted in the Schedule to this Exclusivity Agreement and signed by the Buyer and the Seller simultaneously to the Exclusivity Payments being made. (G) . The Exclusivity Payments (if any) and the Exclusivity Sum will be collectively known as the Deposit (H) Deposit The Deposit will be entered as the deposit on exchange of contracts and therefore shall be deducted from the Purchase Price on completion of the sale of the Property (I) Property The Seller and his solicitor will comply with any reasonable requirement of the Buyer and his solicitor during the Exclusivity Period in relation to deducing title to the Property or any other matter that is required by any lender of the Buyer may be arranging mortgage finance with or anything that a prudent Buyer may require (“the Required Information”)