Share and Unit Sale Agreements
We are in the middle of negotiating one unit sale agreement, one unit and share sale agreement, two other share sale agreements, and there is another in the offing. It seems a lot of people are buying into and exiting businesses at the moment. They are popular ways to take over a business without incurring exorbitant […]
Building Contracts and Disputes
I gave some advice recently to a new client in relation to a building contract that is going awry due to increases in the cost of bricks and brick-layers. The builder is trying to argue that the delay in getting approvals entitles the builder to increase the contract price. My client believes the delays were […]
Deceased Estates & Winding-up
I received an enquiry from lady whose father passed away 5 years ago, and despite obtaining probate nearly 5 years ago, the executor has done much nothing to wind up the estate. In particular, the executor has failed to lodge a transmission application to transfer the father’s house to his name, and has left it […]
Trespass
We are helping an aunt evict a niece from the back shed of the aunt’s mother’s house at the moment. We helped to draft a notice which was given to the lady some time ago, confirming that she is now trespassing and if she did not vacate by a certain date, action would be taken. […]
Buy, Sell Agreements & Shareholder Agreements
I received some instructions from a client to prepare documents to allow one key person to exit. Instead of the other shareholders buying out his interest in the company, they have decided to have the company buy back his shares, which will then be cancelled, with the company paying the purchase price over a period […]
Deceased Estates
We were instructed to seek letters of administration in favour of two sisters of a lady who died about a year ago now, leaving no Will. The deceased left behind a husband, but no kids, so her estate is shared roughly equally between her husband and her siblings. Our clients were happy for the husband to […]
Loan Agreements
Recently, I’ve been providing advice to new client. He and a friend are looking to lend a total of $350k to a builder who is offering to pay interest of 20% p.a. and repay within 6 months. It just smells like one of those deals that are too good to be true. It is possible […]
Tax Effective Wills
We’ve been preparing a few wills of late. One set of clauses we are including deal with superannuation proceeds that are paid into the estate, which gives more flexibility to ensure they go to the intended persons. In one instance, we ensured minimal tax by splitting the sum of the Super Proceeds and the Residuary […]
Dispute Settlement
I was up rather late recently correcting errors in a spreadsheet that my client had sent me after 6.30pm and which I had not seen until 10.00pm. One of my associates was off to the Magistrates Court the following morning to try to settle the matter, so it was rather urgent. It was over 2,000 […]