Exclusivity Agreement – Hinchingbrooke Health Care NHS Trust (HHCT)
March 6th, 2015
Decision
To grant HHCT a six month exclusivity period on surplus land at Cambridgeshire Constabulary Headquarters at Hinchingbrooke Park, Huntingdon, Cambridgeshire PE29 6NP (“Constabulary Headquarters”)
Decision Summary
The objective of the Agreement between the Cambridgeshire Police and Crime Commissioner (“the Commissioner”) and HHCT is to provide a six month window to agree heads of terms and exchange contracts for the lease or purchase of the surplus land at Constabulary Headquarters.
During the exclusivity period the Commissioner will undertake:
- to act in good faith and to co-operate with the Buyer in seeking to agree heads of terms for the Transaction;
- to use reasonable endeavours to answer promptly all reasonable enquiries raised by the Buyer relating to the Property or the Transaction;
- subject to the heads of terms for the Transaction being agreed promptly thereafter to supply the Buyer’s Solicitors all documentation and information relating to the Transaction;
- not to market or solicit interest in any transaction relating to the Property and not to send, instruct or allow anyone else to send any title information or draft contracts to anyone other than the Buyer’s Solicitors
The six month period will be that referred to in the agreement to be signed by the commissioner and HHCT and the status of this work is to be reviewed by the commissioner at the agreement expiry of the Agreement.
