Put and call options - risks to parties and practitioners

This session will cover:

• Put and call options in property transactions 
• Call option assignment duty 
• Cooling off periods applying to purchaser/developer put options 
• Protecting the grantor – can one obtain an effective s66w certificate? 
• Case update 

Practitioners should inform themselves of Rule 6.1 of the Legal Profession Uniform Continuing Professional Development (Solicitors) Rules 2015 which sets out the requirements for the four (4) mandatory CPD areas for NSW legal practitioners – (a) ethics and professional responsibility; (b) practice management and business skills; (c) professional skills; and (d) substantive law. It is the responsibility of each legal practitioner to self-assess as to whether a particular educational activity extends their knowledge and skills in areas that are relevant to their practice needs or professional development.