(For clauses dealing with costs and stamp duty see Form 66.1 [2190] onwards.)

66.1 Costs and expenses

The word ‘costs’ usually refers only to legal fees. The convention is that each party in negotiating and preparing an agreement usually bears its own legal costs. Conventionally, it is thought not necessary to include a clause on this point. The parties can, and may, wish to negotiate a different arrangement. If so, an agreement should include a clause which states the meaning of ‘costs’ as well as stating which party pays those costs.

Property leases and investment agreements sometimes

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