Date [date]

Parties

1. 1

   [name of Seller] [of OR incorporated in England and Wales with company registration number [number] whose Registered office is at] [address] (Seller);

1. 2

   [name of Buyer] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (Buyer).

1. 1. 1

      Definitions

      In this Agreement, the following definitions apply:

      Buyer's Solicitors

      1. •

         [name] of [address] (reference [details]);

      Documents

      1. •

         the documents relating to the Property listed in the Schedule;

      Exclusivity Fee

      1. •

         £[amount];

      Heads of Terms

      1. •

         the principal terms annexed to this Agreement at the Appendix;

      Legislation

      1. •

         all legislation having effect in the United Kingdom at any time during the term of this Agreement, including:

         1. (a)

            Acts of Parliament;

         2. (b)

            orders, regulations, consents, licences, notices and bye laws made or granted:

            1. (i)

               under any Act of Parliament;

            2. (ii)

               by a local authority or by a court of competent jurisdiction;

         3. (c)

            any approved codes of practice issued by a statutory body;

      Lockout Period

      1. •

         the period beginning today and ending at [5.00pm] on [date];

      Negotiations

      1. •

         negotiations between the Seller and the Buyer for the sale and purchase of the Property;

      Property

      1. •

         the property known as [description]