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Home > Country profiles > Singapore > Articles > Article detail






Law Society plans mediation clause in property template

Wednesday, 30th January 2020

"THE Law Society plans to insert a clause into its widely-used property transaction agreement template to make mediation the first port of call for parties to resolve disputes.

Gregory Vijayendran, president of the Law Society, said at the recent opening of the legal year in early January that the organisation intends to revise the Law Society's Conditions of Sale 2012 to include a rule that requires buyer and seller to try resolving their disputes by first mediating through the society.

The Law Society Conditions of Sale are a set of standard terms and conditions designed to facilitate property sale and purchase transactions by defining the common rights and obligations of the vendor and purchaser."

Read in full: 


Web-link: http://www.businesstimes.com.sg/government-economy/law-society-plans-mediation-c...
Language: English
Contact: Tay Peck Gek


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