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Why does the Franchisor want me to sign a General Security Agreement?
In franchising, you will find that it is standard practice for the franchise agreement to provide the Franchisor the right to register on the Personal Property Security Register which you can find at www.ppsr.gov.au. The security interest that will...
Warning signs when doing due diligence on a business
When buying a business, there are many things to consider and review to ensure you are uncovering any skeletons or issues. Generally, the seller will be quite helpful with any information required as they want the sale to go ahead, however make sure...
Settlement Funds
If you are not borrowing all of the funds required for settlement you are responsible for providing the balance amount as cleared funds. You may be able to make arrangements to either:(a) transfer the funds to your financier (if your financier is wi...
Cheques for Settlement
Under the contract, the seller is not entitled to require payment of the balance purchase price at settlement by means other than bank cheque without your consent.The contract only requires you to pay for bank cheques for the seller and the seller’s...
When the Property Occupations Act will not apply
The Property Occupations Act contains provisions relating to the sale of residential property. Those provisions apply to contracts for the sale of property that is used, or is intended to be used, for residential purposes but will not apply to a con...
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