Overage

Overage guidance:

Overage is a covenant or contractual obligation by the buyer to make an additional payment to the seller in the event that specified events occur. It is important to...

Practice Note

Overage (sometimes known as clawback or deferred consideration) enables a seller to benefit from an uplift in the value of land (eg where planning permission...

Practice Note

When a solicitor is instructed to draft and negotiate an agreement that includes receipt of overage payments, those instructions include an obligation to provide...

Practice Note

An unpaid vendor’s lien operates as a type of equitable charge giving the vendor full security in equity for payment of the agreed purchase price. It applies to freehold...

Practice Note

This Practice Note is about the VAT implications of overage payments. Why does this matter? Very broadly, VAT will be due on overage if the original sale giving rise to...

Practice Note