Reliance on legal advice: Difference between revisions

no edit summary
No edit summary
No edit summary
Line 5: Line 5:
The Agent may from time to time obtain and rely upon advice from professional advisers ''and will not be liable for any action taken or [[Act or omission|not taken]] in reliance upon that advice''.}}
The Agent may from time to time obtain and rely upon advice from professional advisers ''and will not be liable for any action taken or [[Act or omission|not taken]] in reliance upon that advice''.}}


You may hear the agent’s legal advisers sagely intoning that, yes, this is absolutely standard market practice and non-negotiable, being a simple and effective allocation of risk by a service provider who gets paid a pittance and otherwise does not benefits from the fruits of the transaction.
You may hear the agent’s legal advisers sagely intoning that, yes, this is absolutely standard in the market and non-negotiable, being a simple and effective allocation of risk by a service provider who gets paid a pittance and otherwise does not benefits from the fruits of the transaction.


Have no truck with this nonsense. ''Especially'' not from external legal advisors, who have a raging [[Conflicts of interest|conflict of interest]] in dispensing this sort of “market colour”.
Have no truck with this nonsense. ''Especially'' not from external legal advisors, who have a raging [[Conflicts of interest|conflict of interest]] in dispensing this sort of “market colour”.