
Selling Your Business: Asset Sales vs. Share Sales
When it’s time to sell your business, you will need to decide whether you want to sell your business assets or your whole company. Both
When it’s time to sell your business, you will need to decide whether you want to sell your business assets or your whole company. Both
Introduction The construction industry is no stranger to economic fluctuations, and the recent surge in building company insolvencies has put tradies at increased risk. When
You may be considering selling your business to a buyer using ‘vendor finance’, but how does it work? Vendor finance is the name given to
If you are considering purchasing a business in Queensland, it is essential to be aware of the various costs involved. One of these costs is
The Small Business Lawyer often receives enquiries from business owners enquiring about what their obligations are when a customer makes a complaint about a product
You have probably heard the term before, but what exactly is Due Diligence? The term is often referred to when discussing the purchase of a
There are a range of costs to consider when buying or selling a business, but one which is often overlooked are Landlord’s fees. Many businesses,
Sellers and purchasers of business are often confused about whether the sale or purchase of a business will attract GST. Generally, for a business sale,
Before a buyer makes an offer to purchase a business, or enters into a formal contract of sale, they will usually request certain information about
A Privacy Policy is a statement which sets out how your business uses, collects and stores data collected from individuals. Not all businesses are legal
If there is a material defect, the buyer can claim compensation or terminate the contract any time prior to settlement
If there is a material defect, the buyer can claim compensation or terminate the contract any time prior to settlement.
Allows for adjustment at settlement in accordance with the contract and termination if not paid on or before settlement.
Allows for adjustment at settlement in accordance with the contract.
Allows for adjustment at settlement in accordance with the contract.
If there is a tree application or order for the property and it has not been disclosed by the seller prior to signing the contract, the buyer can exercise their rights to terminate at any time prior to settlement.
The seller is obligated to provide a current Pool Safety Certificate to the buyer prior to settlement. If the seller does not and will not be obtaining a current Pool Safety Certificate, a Notice of No Pool Safety Certificate must be given prior to contract signing. Failure to do so is a breach of an essential term and allows the buyer has the right to claim compensation and terminate the contract.
If encumbrances appear on the searches that are not disclosed in the contract, the buyer can exercise their rights to claim compensation and/or terminate the contract if they can prove said encumbrances materially affect their use of the land.
No rights to terminate or claim compensation.