VENDORS RIGHT TO RESCIND - STANDARD CONTRACT NSW

CLAUSE 8

The vendor can rescind if:

8.1 the vendor is on reasonable grounds, unable or unwilling to comply with a requisition;
8.2 the vendor serves a notice of intention to rescind that specifies the requisition and those grounds; and
8.3 the purchaser does not serve a notice waiving the requisition within 14 days after that service.