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The ‘entire agreement clause’ vs. the Haviltex standard

The ‘entire agreement clause’ vs. the Haviltex standard

Commercial contracts often contain an ‘entire agreement clause’. An entire agreement clause stipulates that the written agreement contains all the arrangements between the parties and usually reads along the lines of: “This agreement constitutes the entire agreement between the parties”. This article discusses the effect of an entire agreement clause ... Read More »

Pennsylvania Supreme Court to review ability of subsequent buyer to claim breach of implied warranty against construction contractor

Pennsylvania Supreme Court to review ability of subsequent buyer to claim breach of implied warranty against construction contractor

In Conway v. Cutler Group, Inc., 57 A.3d 155 (Pa. Super 2012), the Pennsylvania Superior Court held for the first time that a subsequent buyer of a home, who has no contractual privity with the contractor, can nonetheless assert claims against the contractor for beach of the implied warranty of ... Read More »

Conditions for sale of housing association homes relaxed (MG 2013-02)

Conditions for sale of housing association homes relaxed (MG 2013-02)

Housing associations are not automatically permitted to sell their housing stock. Especially if homes are sold at a discount, the association must comply with regulations imposed by the minister. The present conditions for selling homes to natural persons for own occupation at a discount of more than 10% have now ... Read More »

Community Banks Get Some Relief from the Requirements of the Volcker Rule

Community Banks Get Some Relief from the Requirements of the Volcker Rule

In a move that should offer some relief to community banks, five federal financial regulatory agencies (the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission and the Commodity Futures Trading Commission), have approved an interim final rule ... Read More »

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