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