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1. This action relates to a dispute between an intended vendor, the defendant, and an intended purchaser, the plaintiff. They entered into a provisional agreement dated 22 June 1992 ("the provisional agreement") for the sale and purchase of a property known as Flat 2F, 2rd Floor, No. 218, Sha Tsui Road, Tsuen Wan, New Territories ("the property"). Like many other cases that have gone through our courts in recent years, the provisional agreement was contained in a printed standard form provided b