It is quite common for people to say that they did something or agreed to something, which they later view as being detrimental to them, because they were put under some form of economic duress at the time of doing or agreeing to the event in question. The event could be, for example, the signing up to an ‘unfavourable’ final account agreement, agreeing not to pursue further claims, or agreeing to disadvantageous contract terms. However, will the defence of economic duress hold any water?
Regulated by RICS
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