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SALES OF BUSINESSES !

SALES OF BUSINESSES !. Presented by Kingsley Kingon. SALES OF BUSINESSES. Are we selling assets or shares? Get help!. SALES OF BUSINESSES. Who are the parties? Authority to sign The assets being sold Goodwill and restraint clauses You can’t “sell” liabilities. SALES OF BUSINESSES.

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SALES OF BUSINESSES !

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  1. SALES OF BUSINESSES! Presented by Kingsley Kingon

  2. SALES OF BUSINESSES • Are we selling assets or shares? • Get help!

  3. SALES OF BUSINESSES • Who are the parties? • Authority to sign • The assets being sold • Goodwill and restraint clauses • You can’t “sell” liabilities

  4. SALES OF BUSINESSES • Sale of book debts • Excluded assets • The Price • Allocation of the Price • Stock

  5. SALES OF BUSINESSES • Payment of the price • Security • Acceleration Clause • The Effective Date • Trade Marks

  6. SALES OF BUSINESSES • Suspensive Conditions • Franchises • The Lease • Liquor Licences • Cut-off Dates

  7. SALES OF BUSINESSES • No Closing-down Sale • Voetstoots • Warranties • Staff and the L.R.A • COMMISSION!

  8. SALES OF BUSINESSES • Electricity/Water/Phone • VAT • Advertising the Sale • Why advertise? • What is a “trader”?

  9. SALES OF BUSINESSES • Company or CC “to be formed” • Sundry other clauses • What if land and buildings • are included in the sale?

  10. SALES OF BUSINESSES • QUESTIONS?

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