Overage provisions take many different forms to accommodate a variety of scenarios. The common theme among all though is they cover the situation where the parties to a property transaction agree that the circumstances justify the seller being entitled to further payments in relation to the property being sold, at some point in the future. The parties are free to set the terms of the overage provisions which will often be shaped by current market conditions and the respective bargaining strengths of the parties involved.

While many deals are done on the basis of a handshake or a phone call and the parties end up happy, asking if written Terms of Business are important is like asking whether you should have insurance or whether we need a highway code.

GDPR is a European directive and its aim was to harmonise data privacy laws across Europe, so how will it apply to the UK if we leave the EU and leave with no deal? How should you prepare for such scenarios?