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10. What happens if there are discrepancies in the terms between the provisional agreement and the formal agreement?

Usually there is a provision in the formal agreement that it will supersede any previous agreement between the parties, so the formal agreement prevails.

 

Even if there is no such provision in the formal agreement, in the context of sale and purchase of real properties in Hong Kong, once a formal agreement is drawn up and signed it supersedes the provisional agreement.

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