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lets talk about and or nominee its uh something that hasnt really been accepted in Alberta legally for over a decade yet were still seeing it on contracts at times so lets break it down and talk about why so parties to the contract if you remember from your real estate course uh the party to the contract is one of the five core contract elements so both parties have to know who the other party is the same reason you cant have an unnamed person so what and or nominee does is effectively that now weve contacted Rika area and several lawyers for opinions on this and its still being used out there fairly often often in the investment side of things or with investor clients but the reality is if its Court tested how is it interpreted so the current uh kind of precedent with the Alberta courts is which is it they dont know how to interpret and or nominee so is it and if its and then whos the other party you have to name them they have to sign the contract they have to fill out al
