Page 7
Contents
Operative Part______________________________________3
Signing Page_______________________________________4
Particulars of sale___________________________________5
Special conditions__________________________________8
General Conditions_________________________________9
MONEY__________________________________________9
1. Payments_____________________________________9
2. Settlement____________________________________9
3. Valuing stock________________________________10
4. Apportionment of outgoings and entitlements_____10
5. Vendor’s debts_______________________________11
6. Finance______________________________________11
7. Lease _______________________________________11
8. GST________________________________________12
TRANSACTIONAL_______________________________12
9. Running the business__________________________12
10. Inspection___________________________________12
11. Employees___________________________________12
12. Warranties___________________________________13
13. Restraint of trade_____________________________13
14. Confidential information_______________________14
BREACH OF CONTRACT________________________14
15. Default______________________________________14
LEGAL AND GENERAL__________________________15
16. Service of notices_____________________________15
17. Non merger__________________________________15
18. Severance____________________________________15
19. Guarantee, indemnity and promise_______________15
20. Interpretation_________________________________16
Schedule 1: Assets included in the price_______________17
Schedule 2: Equipment hire contracts_________________18
Schedule 3: Other material contracts__________________19
Schedule 4: Terms of current or new lease_____________20
Schedule 5: Permitted encumbrances__________________22
Schedule 6: Warranties_____________________________23
Warning and Disclaimer
This document is prepared from a precedent intended solely for use by legal practitioners. The parts of the document prepared by the Law
Institute of Victoria are intended for use only by legal practitioners with the knowledge, skill and qualifications required to use the precedent
to create a document suitable for the transaction. This precedent is not a guide and it does not attempt to include all relevant issues or include
all aspects of law or changes to the law.
Legal practitioners using this document should check for any change in the law and ensure that the facts and circumstances for its intended
use are appropriately included.
The Law Institute of Victoria, its contractors and agents are not liable in any way, including, without limitation, negligence, for the use to
which the document may be put, for any errors or omissions in the precedent document, or any other changes or understanding of the law
arising from any legislative instruments or the decision of any court or tribunal, whether before or after this precedent was prepared, first
published, sold or used.
Copyright
The document is copyright. The document may only be reproduced in accordance with an agreement with the Law Institute of Victoria Limited
(ABN 32 075 475 731) for each specific transaction that is authorised. Any person who has purchased a physical copy of this precedent
document may only copy it for the purpose of providing legal services for the specific transaction or documenting the specific transaction.
“Specific transaction” means common parties entering into a legal relationship for the sale and purchase of the same subject matter.
Operative part
The vendor agrees to sell and the purchaser agrees to buy:
1. The Business for the price; and

Sale of Business - Charles John Dickenson

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