Negotiations in a sale or purchase of a business

In the early stages of negotiating a sale or purchase of a business, there are some important documents you might want to consider.   Here are our key contenders:   Heads of Agreement: This document can be drawn up when the parties reach an agreement on key commercial terms of the transaction. It can include [...]

2023-07-25T00:28:09+00:00July 25th, 2023|Contracts, Sale of Business|Comments Off on Negotiations in a sale or purchase of a business

When Heads of Agreement Fail

THE RECENT CASE OF CASDAR PTY LTD V JOSEPH FANOUS[1] reminds us of the hazards of non-binding and informal agreements. In that case, a Landlord, relying on a signed Heads of Agreement as the source of his rights, sought damages against a tenant. The court dismissed the claim on the basis that the Heads of [...]

2018-02-05T21:54:35+00:00February 5th, 2018|Business Advice, Business Partnerships, Compliance, Contracts, Dispute Resolution|Comments Off on When Heads of Agreement Fail
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