EDIT: This article refers to the sale and purchase agreement of a 2008 edition (3). This agreement was slightly updated and published on 4 September 2017. Use this comprehensive agreement to buy a full website, but not yet trade. Great menu of guarantees. Once the sales contract is signed, we usually help them: As a business broker, my goal is to educate potential suppliers for free with all the information. Before starting the sales process, it would be a good place to understand what you are getting into. This prevents suppliers from becoming competitors for a period of time in a given geographic area, perhaps 2 years and enough km to keep them out of the borough, suburb, city, region or countryside. In fact, why agree to buy a business when the owner can simply get on the street and keep much of the business based on personal relationships and reputation. Most business sales do not require GST payments or solicitation because they are “scored to zero.” To be valued at zero, it is necessary, among other things, that the business be sold as a “current business” and that no part of the company`s assets be a “primary residence”. The lender must be careful if it assumes that the business is valued at zero, because if the IRD decides that it should not be applied and that it should be applied, then they will ask the creditor for the GST. The seller must be really careful when a residence is included in the sale of the business. A copy of the rating agreement (action authority) is only made available to make you understand the whole process.
To give you the best possible result, we need to have control of the process. That is why we can only work on the basis of an agreement on the agency. It`s a team effort on your part and with us together. Once you have signed the contract and before taking possession of the buyer, you are in a transition period where you have obligations to the new owner. I recommend that you always use a lawyer when selling or buying a business. However, the use of the standard contract is a way for a small business to ensure that it has a strong agreement without the high legal costs being incurred by a lawyer who establishes a substantive agreement by compiling.