Should I Buy An Existing Business?
A look at the advantages and disadvantages of buying an existing business…
Michael Coyle
January 1, 2010
A look at the advantages and disadvantages of buying an existing business…
Guarantees or bid bonds are often used by a party to safeguard its interest in the event that the party submitting the tender withdraws.
This article briefly sets out the various guarantees and bonds unused in certain commercial transactions.
This article takes a look at advance payment guarantee or bonds.
We are often asked to give a quote for the buying and selling of a business, sometimes its an Internet business, often its a more traditional business. Firstly it will come as no surprise to know that it can be very expensive. So do shop around. We can offer fixed fees but these fees do have a habit of fast becoming fluid. This is largely due to the nature of the transaction and the approach taken by the parties.
This article endeavours to highlight the realities of running a small off-licence business and the uphill challenge it faces to stay above the red.
In part two we focus more so on the ‘subject to contract’ term in the Heads of Terms.
When drafting a contract the choice of law is important, however, Rome 1 will decide the jurisdiction which governs a contract which fails to provide for a governing jurisdiction.