This Guide by Kafrouni Lawyers and the Australian Institute of Business Brokers (AIBB) is designed for use by buyers and sellers of businesses, business brokers and professional advisers when using the REIQ Business Sale Contract (“Contract”). The purpose of the Guide is to explain what particular parts of the Contract mean and to highlight (either in the content or the process) various risks of getting things wrong.
For a seller (vendor), the Guide provides an important checklist of things to consider when listing a business for sale. It should be helpful in understanding how the law will work, what’s included and excluded from the business, timing, notices and so on. For a potential buyer, it provides a better understanding of what the proposed Contract actually means and what to expect during the process.
What to do next: If you would like more information on buying or selling a business, or assistance in doing so, call Joe Kafrouni or Rob Montes on (07) 3354 8888 or joe@klaw.com.au or rob@klaw.com.au.
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