Hollingworth & Spencer Lawyers, The Gap & Samford, Brisbane
Yes, we have one available at both our Gap and Samford offices. We do recommend that you call first to make a convenient time and to ensure that someone will be available.
No, documents are held free of charge on your behalf for as long as required. Feel free to contact this office at any time to confirm the documents we hold on your behalf. Should you need to collect your documents, we will require photo identification to release them.
Examples of due diligence enquiries for a business are:
- review of the existing lease;
- inspection of the Business’ financial statements and tax records, to ascertain the profitability, debts and losses of the business;
- searches as to whether Council has any outstanding requisitions concerning the Business or the business premises;
- enquiries as to whether the Business is subject to a mortgage or any other encumbrance;
- a search as to whether the Seller is insolvent;
- inspection of the plant and equipment of the Business.
Examples of due diligence enquiries for property are:
- rates and building record searches;
- town planning search
- Inspecting the physical records of any body corporate
- Surveying the property to check for encroachments
- Search of charges over the property sold
- Background checks of the sellers to ensure they are not bankrupt of under administration.
If the court finds a restraint of trade provision excessive, it will strike it out of the Contract. The remainder of the Contract would not be affected.
You are welcome to contact us for advice on the structure of an enforceable restraint of trade provision.
- forcing the sale of the family home or car so that beneficiaries can claim their share of the assets;
- leave incapacitated members of your family without adequate support;
- fail to provide financial protection for your spouse or partner, children or grandchildren
- make provision for a spouse from whom you are separated but legally divorced; or
- give your assets to the government should you have no relatives.
- are ill;
- take an extended holiday;
- go overseas; or
- due to advanced age you reach a stage where you require greater assistance to manage your affairs.
Due to the impact of specific facts on any given case please treat this information as a general guide and not as legal advice. If you require advice on how to adequately protect your security rights please contact our office on 07 3123 5700.