Solicitors' Code of Conduct 2007 - Contract Races

The Solicitors' Code of Conduct 2007 (the Code) came into force on 1 July 2007. The Code replaced, with effect from 1 July 2007, the rules of professional conduct contained in the Solicitors' Practice Rules 1990. The Code applies to all solicitors in England and Wales.

This Practice note deals with the rules of conduct in the Code where a solicitor is asked to deal with more than one prospective buyer in a conveyancing transaction, more commonly known as a "contract race".

Note: The Solicitors Regulation Authority (SRA) Handbook, which is fully in force from 6 October 2011, replaces the Solicitors' Code of Conduct 2007. PLC has published the following Practice notes on the SRA handbook:

PLC Property


 

The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your Practical Law Account Executive.

Free trial

A free trial will give you:

Unlimited access to our online legal know-how services during the trial period
Full training and support
Four issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area
 

Log in using Practical Law username

Only use this login if you have not set up OnePass for Practical Law

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247243465989", "objName" : "Solicitors Code of Conduct 2007 - Contract Races", "userID" : "2", "objUrl" : "http://us.practicallaw.com/cs/Satellite/us/resource/0-367-8979?source=relatedcontent", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2-4b69817d:156d8b55eac:-145d", "analyticsSessionCookie" : "2-4b69817d:156d8b55eac:-145c", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }