1. Client
Vendor Purchaser
2. Other party
3. Business Agent
4. Solicitor for other party
5. Client's Accountant
6. Business
Mortgages/charges over business held by
Vendor’s capacity/title:
Bankruptcy Liquidation (Pending Imminent ) Receiver Mortgagee Executor Trustee
Vendor’s reasons for selling
Purchaser’s reasons for buying
Urgency of sale/purchase
Client requires professional evaluation of business: Yes No
Evaluation by
Transfer business name to purchaser: Yes No
Details of any trade name, product name, trade mark included in sale
Deposit % payable to as stakeholder
to be invested with
proceeds to accrue to
Finance required from
Terms
Contract conditional: Yes No
Security: business, lease, personal guarantees by
GOODWILL
1. Restraint of trade
Key Employees
Notes of instructions
Confidential Information/Secrets: Yes No
Details
2. Tuition
Before completion: Yes No
After completion: Yes No
3. Vendor's conduct before completion
(a) Purchase further stock without purchaser’s consent Yes No (b) Offer stock for sale at reduced prices Yes No (c) Hold sale Yes No (d) Hold closing down sale Yes No (e) Employ additional staff Yes No (f) Discontinue regular advertising on business Yes No
4. Customers/Clients
(a) Client list available Yes No (b) Client list provided to purchaser upon completion Yes No (c) Purchaser to have benefit of work in progress, unfulfilled orders and customer enquiries Yes No (d) Professional practice, client records, files, completed and current matters to pass to purchaser Yes No
If yes to (d) conditions attached
5. Trial of Business
Trial of Business: Yes No
6. Representations relating to business
Included in agreement: Yes No
PLANT, CHATTELS AND FIXTURES
1. Plant, Chattels and Fixtures
(a) Itemised list with values attributed to each item attached Yes No
i. Checked by client Yes No
(b) Items subject to chattel lease/mortgage Yes No
(c) Lease/mortgage to be assigned to Purchaser Yes No (d) Lease/mortgage to be paid out by Vendor Yes No (e) Fixtures removable under lease Yes No (f) Service contracts/warranties Yes No i.Details
(g) Contractual provision required relating to condition or repair of plant on completion
Yes No i. Details
STOCK-IN-TRADE/WORK IN PROGRESS
1. Stock-in-trade/work in progress
(a) Description
(b) Inclusions/Exclusions
(e) Basis of determining value of raw materials, unfinished goods, incomplete matters
(f) Retention of title provision: Yes No
(g) Stocktaker
(h) Arrangement by vendor for payment of creditors at time of completion: Yes No
i. Details
CONTRACTS, LICENCES AND SERVICES
1. Contracts, Licences and Services
(a) Contracts involving vendor to be assigned to purchaser
(b) Licences, permits, authorisations held by vendor in respect of business or premises
(c) Telephone Number
Fax Number
to be transferred to purchaser: Yes No
BOOKS DEBTS
1. Book debts
(a) Arrangements relating to Vendor's credit sales, lay-by sales, book debts
LEASE
1. Lease
(b) Term years from
(c) Option for renewal years from
(d) Title details Registered No
(e) Lessor of
(f) Lessor’s Solicitors of
i. Contact Person
ii. DX
iii. Phone Fax
(g) Mortgagee of property
(h) Mortgagee’s consent to lease: Yes No
(i) Mortgagee’s consent required on assignment of lease: Yes No
(j) Rent ; Rent Review: Yes No
(k) Guarantors for lease
(l) Lease to be assigned/surrendered: Yes No
(m) Purchaser to obtain new lease: Yes No
i. If yes: 1. New lease term
2. Option for years at rent of Dollars ($ )
3. Other conditions
(n) Guarantors for purchaser as lessee
OTHER ASSETSS INCLUDED IN SALE
1. Other Assets included in sale
Liabilities
(a) Any requirements relating to warranties, product liability, for period before completion of sale: Yes No i. Details
1. Details of employees intended to be re-employed by purchaser
(b) Situation regarding long service leave
(c) Require service agreement: Yes No
(d) Service agreement a condition of sale: Yes No
i. If yes, please provide details
Between Vendor and Purchaser: Yes No
Between Lessor and Lessee: Yes No
