Promotion Agreements: Endeavours and Objectives - Why are They Important?
About Jeremy Stanton
Jeremy is a partner in the Commercial Property team at Birketts, Cambridge. He is an experienced property development lawyer, has both promoters and landowners as clients, and has particular expertise and experience of putting in place promotion agreements, options and conditional contracts. From a Norfolk farming background, Jeremy has a long connection with the land and works very closely with the Birketts Agriculture and Estates Team advising landowners on unlocking development value from their land.
Considering the purpose of drafting specific objectives into a promotion agreement, how they link with the “endeavours” obligations placed on a promoter to achieve those objectives, and why that is important to the landowner.