How to protect your business in a recession

It’s second nature for those involved in business to engage a lawyer experienced in business and commercial law for business advisory services. Whether it’s for a startup or an established organisation, contract reviews are a valued and expected expense to ensure the terms and conditions are fair, accurate and aligned with the client’s best interests. Yet, this same level of diligence and self-protection is often neglected in personal matters, including buying a property. With rising property prices, unstable mortgage rates and unemployment rates expected to hit 5% by the end of the year, spending more money to complete a house purchase is likely the last thing you want to think about. However, and this is a huge however, engaging a Christchurch property lawyer to review the Sale and Purchase Agreement before signing is a wise investment; it is a strategic move that can save you from significant future complications. Weston Ward and Lascelles are leading property and conveyancing lawyers in Christchurch who help clients buy properties. From first home buyers to clients with multiple properties, our advice is always the same: do not sign on the dotted line until the Sale and Purchase Agreement has been reviewed, and here’s why: Entering into a Sale and Purchase Agreement is legally binding, it’s a contract. A major principle of property law is caveat emptor or “buyer beware”. The onus is on you to protect your property, assets and finances, and a Sale and Purchase Agreement contact review does just that.  Ensures a smooth conveyancing process compliant to laws and regulations The key role of a property lawyer is to oversee the conveyancing process and keep the schedule on track . Invariably this means liaising with real estate agents, the vendors’ lawyers, local councils and other stakeholders. Aside from collating and reviewing information, conveyancers ensure the legal obligations are adhered to.