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I require a business sale contract for the state of Queensland.
The business is being purchased on a walk in walk out basis. The sale price is $45000 and the sale is vendor financed over 12 months with a $10000 upfront deposit.
Some of the equipment is owned by the landlord and need to stay in the property other equipment is owner by the seller and some is on profit share or leased.
The first 2 months the vendor will keep his security ($33000) in place so we will be running the business in a under management situation. we will pay all running costs directly and the rent to the seller in advance so he can pay the landlord.
The sale date in the 1st of January 2013 and the lease transfer date is 1st March 2013 if for some reason the landlord does not accept or delays the transfer of the lease the under management agreement will continue until such time as he does.
This needs to be binding on both parties
any questions please ask
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