What is the meaning of the "subject to" clause in a vessel purchase agreement?
Ontario, Canada
The following excerpt is from Proulx v. Canadian Cove Inc. et al., 2014 ONSC 3493 (CanLII):
The “subject to” clause was for the benefit of both parties to permit them to conduct an inspection in order to ensure that each of them was purchasing or accepting as trade-in the vessel they had bargained for: see Pogorzelec v. Dietz, supra, at para. 35.
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