Agreement For Sale Of Business As A Going Concern Form
7. Commit not to compete. The seller may carry on a similar activity within a period of _____ years from the date of conclusion or as long as the buyer or his successor does not carry out any similar transaction, either directly or indirectly, whichever happens first. For the purposes of this Agreement, “the transactions are similar to those of this transaction”, ___ Your company`s sales contract should be the end product of careful structuring and negotiation, not the encrypted product of a process starting with an online form. Businessmen may be tempted by the temptation of legal do-it-yourself kits, but these can expose you to unnecessary risks related to price, taxes, obligations to your employees, and the constraints of your future efforts. For planning and professional advice on selling your business, contact Owen Hodge Lawyers at 1800 770 780 or send us a message at www.owenhodge.com.au/contact/ to arrange a consultation. A sales contract should be used by anyone wishing to buy or sell a business. The agreement can help define details during the sale, including aspects of the business for sale (e.g.B. assets or shares). Even if the new business owner intends to retain existing employees, you must go through the formal termination stage to define and fulfill your obligations.
These include termination or termination accounts prescribed by law, payments for unused days off, and possibly unused sick days. They must also ensure that the ancillary benefits tax (FBT), the pay-as-you-go tax (PAYG) and the necessary retirement pensions are paid. Competent legal advice from a firm specialising in corporate representation such as Owen Hodge Lawyers can help ensure that none of these obligations are overlooked.. . . .