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The court examined correspondence between parties regarding the potential sale of a property. While the parties had agreed to essential terms like price and property, the correspondence included phrases like "subject to contract" and "usual terms and conditions", indicating that a formal agreement was still to be negotiated. Evidence also showed negotiations were ongoing. As a result, the court found there was no concluded contract, only an agreement to later agree, which is not enforceable. The deposit pai

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k

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EN