Refresher on the Drainage Act, & Agreements of Purchase & Sale |

Refresher on the Drainage Act, & Agreements of Purchase & Sale

Paula Puddy, HBA LLB MBA

This real estate webinar hosted by the Middlesex Law Association (MLA), features John Goudy discussing the Drainage Act, as well as Professor Michael Lamb providing a refresher on Agreements of Purchase and Sale.

The program begins with John Goudy’s presentation on the history of the Drainage Act, the difference between the two kinds of municipal drains, how property owners are restricted, the importance of drainage referees, and the process by which municipal drains are created and regulated under the Act.

Professor Michael Lamb provides best practices when handling Agreements of Purchase and Sale, and gives specific reference to past cases that illustrate the need for lawyers to brush up on the procedure. He shares practical advice on the considerations that should be taken into account when filling out these agreements. Professor Michael Lamb spells out the importance of making sure the buyer and seller are legal entities, covers issues related to real property, closing extensions, fixtures, preventing fraud by paying attention to deposits, and so much more.

Refresher on the Drainage Act, and Agreements of Purchase and Sale

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