The guide and precedents include everything that is needed to successfully execute the sale or purchase of a business in Western Australia.
The By Lawyers Uniform Contract for the Sale of Business is also included in this guide. The uniform contract has been designed to take both parties through the transaction and covers everything from warranties by seller shareholders, guarantees by buyer shareholders, the completion deliverables to effectively release PPSR security interests, to the transfer of all of the business assets including copyright works, trade marks and supplier contracts.
The By Lawyers uniform contract also follows the ASIC requirements for the transfer of business names and allows the user to customise the competition restraints to ensure that they are enforceable and suited to their client’s circumstances.
The Commentary compares different business structures, sets out the tax consequences of sale price apportionment, explains the tax treatment of stock and business assets, long service leave and other employee entitlements and discusses many other issues that can arise in business conveyancing such as the role of the premises landlord and franchising.
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