Escalation clauses aren’t worth the risk

by Mark Weisleder - Senior Partner, RealEstateLawyers.ca LLP | Jul 12, 2017 | Columnists, Featured, Legal Issues

“I will pay $5,000 more than the highest offer received.” This is what is known as an escalation clause and it has been developed to give a person in a bidding war an advantage over the other bidders. It usually will also include a “cap” such that the maximum price to...