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Court of Appeal provides useful reminder of 'subject to contract' label meaning in settlement negotiations

Facts
Joanne Properties Limited owned a building in Wandsworth. It borrowed money from Moneything Capital Limited, secured by a charge on the property. Joanne fell into arrears under the charge and Moneything appointed Law of Property Act receivers.
Joanne challenged the appointment of the receivers on the ground that both the loan agreement and the charge had been procured by undue influence. Therefore, on 20 December 2018 it issued a claim to set both aside. Joanne also claimed an injunction against the receivers preventing them from taking further steps to realise the security.
In January 2019 the parties compromised the injunction application. They agreed that the property should be sold and an order made for distribution of the proceeds of sale. After payment of the costs of sale and the capital advanced under the loan agreement, £140,000 of the sale proceeds were to be ring-fenced and payable to either party subject to the terms on which the underlying claim wa ....

Joanne Properties , Moneything Capital , Properties Limited , Moneything Capital Limited , Property Act , ஜொவந் ப்ராபர்டீஸ் , ப்ராபர்டீஸ் வரையறுக்கப்பட்டவை , ப்ராபர்டீ நாடகம் ,