Importance of obtaining legal advice on a Contract before you sign

Client A was buying a property and relied on a conveyancer who told them the contract was fine to sign. Unsure, Client A sought a Contract review from Wollerman Shacklock Lawyers.

We found serious issues with the Contract. Client A believed they were purchasing a house and land package. However, the contract did not require the vendor to complete construction. Instead, it placed responsibility on Client A to obtain permits, undertake the build and fix defects for work undertaken by the vendor.

Result:

Had Client A signed the Contract, Client A would have paid for a completed house and land package, but have to then pay for the completion works incurring significant additional costs and risks! Following our advice, they chose not to proceed, potentially saving hundreds of thousands of dollars.