Articles
How to Create a Sale of Business Contract
Understanding the Contract for the Sale of a Business Once the owner of a business (the vendor) and the buyer (the purchaser) agree on the sale, the details must be set out in a written agreement called a Contract for the Sale of Business. Usually, the vendor’s...
Buying a Franchise
Buying a Franchise A franchise involves a business owner (the franchisor) giving you (the franchisee) the right, upon payment of a fee, to market and sell the franchisor's products or services in accordance with the franchisor's system of management and operational...
Most Common Business Structures
When starting a business, choosing the right structure is crucial. Typically, businesses operate under one of the following structures: 1. Sole Trader The sole trader structure is the simplest to establish and manage. You run the business alone and have full control...
Changes to Home Building Act
The Home Building Act 1989 deals mainly with the the licensing and regulation of builders performing residential building work. However, it also gives the benefit of warranties and insurance in respect of such work. On 15 January 2015 certain retrospective amendments...
Agreement for Sale of Land by Communications
Agreement for Sale of Land by Communications Sometimes the question arises whether a contract for the sale of land has been formed between parties even before they have entered into a formal contract through means such as communications. Section 54A of the...