This week I went through a strategy for a client who is building a house and has some issues with his builder, including: Variations not being writing – which will make it difficult for the builder to claim for those changes; The builder has tried to claim for installation and delivery costs in relation to […]
Tricky Building Situation Read More »
People are starting to do business again. This week we received some instructions to: prepare a sale agreement for the sale of 20% of the units in a unit trust which owns a business, where the buyer is another unit trust; an option agreement in favour of the buyer to buy another 29% of the
Business Agreements Read More »
This week we received a call from a friend of a client with an employment issue. He was recruited, signed a contract and shown his office and the company car.
Employment Contracts Read More »
We have been working on a new $11m deal for a new client – a contract to buy a piece of land and another contract for the construction of a hotel. We are setting up 2 new unit trusts – one to buy the land, the other to lease the land and obtain the hotel
I’ve been working on a complicated business sale agreement this week. Among other things: Control of the buying company has to be changed with a change of shareholders and directors. The selling company need to change its name so that the buying company can register a business name similar to the selling company’s original name
Complicated Business Sale Agreement Read More »
We received a referral from a settlement agent this week who is acting for a seller. The contract specified various issues with the house, but the buyers initialed clauses that stated that: they had inspected the property; they were exercising their own judgment in deciding to buy; they acknowledged that the garage door was not
Sale of Land Dispute Read More »
We are helping a lady negotiate the purchase of 2 financial planning businesses at the moment. We’ve done a few of these over the years, so we were able to put these together reasonably quickly. One lady was a procrastinating a bit, so we suggested the following e-mail be sent: “Dear Ms X, I have
Purchase of Financial Planning Business Read More »
We met with a new client this week. He is looking at buying a truck and a business to go with it. The business has him working as a contractor for a large international company. The contract was heavily stacked in favour of the company. He has lots of responsibilities. The company had few. The
Contractor Contract Read More »
This week we finalised a complicated deal between our client who owns some valuable patents and trade secrets and a large US company. It involved: (a) the company subscribing for shares; (b) the money being used to repay debt; (c) the company agreeing to fund further development of some new technology; (d) a licensing deal
Contracts Commercialisation of Intellectual Property Read More »