Victoria Contract for Sale of Business

Prepare a contract for the sale of a business with this easy downloadable template for the State of Victoria.

• The Contract is subject to a 3-day cooling off period during which the Contract may be canceled if the purchaser does not receive independent legal advice or if a similar contract has been entered into between the parties.
• The Contract is also conditional upon the purchaser obtaining sufficient financing to complete the purchase.
• The vendor will transfer the existing lease or negotiate a new lease for the premises, and obtain approvals as required from the landlord and any mortgagee.
• If the parties are unable to agree on the value of the stock, they will submit the determination to an independent stocktaker.
• If the purchaser defaults in payment, the vendor may immediately sue for the unpaid amount.
• If a dispute arises, neither party is at liberty to commence legal proceedings until the parties have attempted to resolve the dispute through mediation.
• Available in MS Word format.
• Intended to be used only in the State of Victoria, Australia.