by Kafrouni Lawyers | Nov 23, 2016 | Buying or Selling a Business, For Business Brokers, Legal Compliance, News
New Retail Shop Lease Requirement – Business Sales From tomorrow, 25 November 2015, a seller of a business, connected to a Queensland retail shop lease, has new pre-contract disclosure requirements. What is required? The seller must provide the buyer with a copy... by Joe Kafrouni | Mar 1, 2015 | For Business Brokers, News
An agreement reached may not be enforceable if it is not clear as to the matters agreed by the parties or incomplete as to the essential terms required to make the subject matter work (i.e. all the all the pieces of the puzzle must be there). An agreement must set out... by Joe Kafrouni | Sep 17, 2014 | For Business Brokers, News
The Usual Position At law, usually the contract date is the date that acceptance of the offer is notified to the offeror (the Postal Rule aside). In the context of business sales, it is the date the last party to sign the Contract (usually the seller) signs the... by Joe Kafrouni | Jul 13, 2014 | Buying or Selling a Business, For Business Brokers, News
Most claims against business brokers relate to misrepresentations to buyers concerning the level of income a business will achieve . Also, the majority of reported decisions dealings with representations in sales of business which have been proven to have been... by Joe Kafrouni | Jun 28, 2014 | Buying or Selling a Business, For Business Brokers, News
Legitimacy It is legitimate for a buyer of a business to protect its investment in goodwill by restraining the seller from detracting from the goodwill sold. Whilst this is clear, the formula for drafting non-compete provisions (restraints) for particular... by Joe Kafrouni | Jun 26, 2014 | Buying or Selling a Business, For Business Brokers, News
The Benefit Whether a sale is a “supply of a going concern” and therefore GST free impacts on every business sale. If so, the buyer will be saved from funding an additional 10% of the sale price. Depending on the sale price, this may be substantial. The Elements For...
