This contract is conditional upon the Foreign Investment Review Board (“FIRB”) granting approval to the acquisition of this property;
The Buyer, upon signing this contract, undertakes to apply to FIRB for approval as soon as possible, complying with all directions and requests for information from FIRB and using their best endeavours to obtain such approval.
The Buyer will upon obtaining FIRB approval provide written notice to the Seller’s solicitor of this approval.
If approval is not granted within [insert number of days] then this Contract shall be at an end and all deposit monies shall be refunded in full the the Buyer and no part shall have any claim against the other.