Torkin Manes (Toronto/Ontario): Considering COVID-19 Clauses in Purchase and Sale Agreements

In the wake of the COVID-19 pandemic, real estate brokers have prepared suggested clauses for inclusion in real estate agreements of purchase and sale to address certain closing concerns that may be relevant during the course of the pandemic. Lawyers and their clients should be well aware that these suggested clauses may lack precision and may not in fact be what the parties to the agreements of purchase and sale actually want or what may be in the best interests of one or more of the parties. Any such clauses should be carefully reviewed and assessed before an agreement of purchase and sale is signed. MORE.