In the article, “Due Diligence Fees: When Are They Refunded?”, in the May 2017 Bulletin, the following sentence appears as the result of a production error: Buyers and sellers may enter into other addenda that may provide for a due diligence fee refund but those provisions must be drafted by the parties or, preferably, by an attorney or by a broker.” The statement, “…or by a broker”, is incorrect; only an attorney or the parties to the contract can draft language for contracts or addenda.

This article came from the October 2017-Vol48-2 edition of the bulletin.