For Business Brokers
Explore our recent articles and legal insights.
23 Nov 2016
Retail Shop Business Sales: New Pre-Contract Lease Disclosure Requirement
From tomorrow, 25 November 2015, a seller of a business, connected to a Queensland retail shop lease, has new pre-contract disclosure req...
01 Mar 2015
Contract Law Does Not Tolerate Sloppy Contract Preparation
An agreement reached may not be enforceable if it is not clear as to the matters agreed by the parties or incomplete...
17 Sep 2014
The Contract Date - What Is It?
The Usual Position At law, usually the contract date is the date that acceptance of the offer is notified to the...
13 Jul 2014
To Exclude Or Not To Exclude Seller's Misrepresentation In Business Sales - Does It Really Matter?
Most claims against business brokers relate to misrepresentations to buyers concerning the level of income a business...
28 Jun 2014
Validity of Non-Compete Clauses in Business Sales: Serious Stuff
Legitimacy It is legitimate for a buyer of a business to protect its investment in goodwill by restraining the seller...
26 Jun 2014
GST (Supply of a Going Concern) and Business Sales: A Deeper Look
The Benefit Whether a sale is a “supply of a going concern” and therefore GST free impacts on every business sale. If...
27 May 2014
Business Advertising - A Picture Says A Million Words - But Avoid Copyright Infringement
Images in marketing collateral are an important part of selling a business. After all, a picture can say a thousand...
13 Dec 2013
The Plan vs The Reality in Business Sales (Light Humour)
Plan vs Reality in Business Acquisitions...
22 Oct 2013
7 Things That Get Deals Over the Line - Q&A with Iain Horne
We recently interviewed Iain Horne from Benchmark Business Brokers. Iain won the REIQ Business Broker of the Year...
13 Aug 2013
Mutual Recognition of Brokers Licences - NSW
What do you need to do if you want to sell or advertise a business in New South Wales (NSW) if you are already...
20 Jun 2013
Q&A with Don Farquharson - Business Funding Options
With the tightening of lending in Australia in recent years, and its impact on business sales, Joe asked Don...
20 Jun 2013
Major Banks Showing Renewed Appetite To Lend To SMEs
Shane Dingley, Managing Director of Business Brokers Queensland and the Treasurer of the Australian Institute of...
25 Apr 2013
Illegal Business Sale Contracts
A contract to do something illegal or to do something legal for an illegal purpose is generally invalid. Illegal...
18 Apr 2013
Deals "Subject to Contract" - Really?
When an agreement is made “subject to contract”, it does not necessarily mean that the contract is not binding. There...
04 Mar 2013
A Practical Legal Guide to Buying A Business
This Guide is designed for use by buyers of businesses, business brokers and professional advisers when buying a business. The purpose...
01 Feb 2013
Don't Sign Deals Over Boozy Lunch - Capacity to Contract?
There are people in society who are unable to fully appreciate the implications of agreements entered into. As a...
01 Sep 2012
Compulsory Legal Disclosures When Selling a Business
In some States, the law requires that the buyer of a business be provided with certain information when entering into...
22 Aug 2012
AIBB Guide - REIQ Business Sale Contract Queensland
This Guide by Kafrouni Lawyers and the Australian Institute of Business Brokers (AIBB) is designed for use by buyers and sellers of busi...
17 Aug 2012
Heads of Agreement in Business Sales
Whilst it is best practice to have a buyer and seller of a business enter into a substantive business sale contract...
05 Jul 2012
When Business Utilize Groupon Type Deals: Coupons Special Condition
When selling a business that heavily utilizes discount vouchers and coupons from the likes of Groupon, Spreets and...
29 Jun 2012
AIBB Guide - Vendor Finance and Business Sales
The popularity of vendor finance is often cyclical. In tougher economic times, like the current state of the economy, when banks are limit..
30 May 2012
Disputes About Deposits: How to Claim Your Commission
For business brokers, the following scenario is becoming more common: You have sold a business. The contract is...
26 Apr 2012
Dealing With Trusts When Drafting The Business Sale Contract
When a party to a business sale contract is a trust (normally a discretionary or unit trust) it is important to...
16 Mar 2012
Guide - Independent Contractor or Employee: Business Broking Professionals
Business brokers and real estate agents are typically engaged as contractors to a business. However, just because a worker is engaged as...
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