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Home / Opinion Digests / Consent-to-Sell Provisions Are Ambiguous (access required)

Consent-to-Sell Provisions Are Ambiguous (access required)

In this dispute over a contract for the sale of real estate with multiple owners, the owners’ Operating Agreements are ambiguous because one provision states 51 percent of the members must agree to sell, and another provision says it takes 80 percent of the members to consent, and the Fairfax Circuit Court says the ambiguity ...

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