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Legal Definitions by Ford Banks Irwin Solicitors - The Property Lawyers in Manchester

Please note: Not to be used or relied upon without legal advice. These notes are for illustrative purposes ONLY

Oath

Solicitors can administer Oaths.  Oaths are required for various reasons such as Affidavits.  Clients may ask the Solicitors to 'affirm' instead of taking an Oath.   


Objects Clause

Company Law Solicitors and Lawyers need to include the Objects Clause in a Company Memorandum of Association.  The Objects Clause sets out the purpose of the Company.   

Occupation

The physical control and possession of Property.  Property Law Solicitors and Conveyancers will deal with Occupation in the Contract.  The Agreement will specify whether the Property is sold with vacant possession or subject to and with the benefit of a Tenant.  This is particularly important when buying a Property at Auction
See also Rights of Occupation in Matrimonial Proceedings;
Land Registry notice of Matrimonial Rights on the Title Deeds.   


Offer

A statement in which you promise to do something or refrain from doing something.  If the promise is accepted it may be legally binding. See full conditions for a legally binding contract. Compare: Invitation to treat, counter-offer.  Many Business clients ask the Solicitors and Lawyers to put forward the offer for a Property on their behalf. The Solicitor is also asked to confirm how quickly the Business client is able to exchange contracts and complete the transaction. 

Office of Fair Trading (OFT) 

A Government body that investigates monopolies and anti-competitive practices.  It aims to promote and protect consumer interests by trying to ensure business practices are fair and competitive. Commercial Law Solicitors and Lawyers are often involved in investigations by the Office of Fair Trading

Official Copy

A term used by Property Law Solicitors and Conveyancers for a copy of the Title Deeds held by HM Land Registry.  Official Copies are admissible in evidence in Court Proceedings unlike HM Land Registry register views.      

Official Receiver 

Insolvency Law Solicitors and Lawyers need to liaise with the Official Receiver when acting for a client who is bankrupt or a Company that is insolvent and in liquidation.  The Official Receiver will usually appoint a local Insolvency Practitioner such as a Chartered Accountant to act on its behalf.   

Official Solicitor

A Solicitor who is appointed to act on behalf of people who cannot act for themselves. For example, vulnerable children and those with mental health problems.  The Official Solicitor will often instruct a local firm of Solicitors to represent the client.