These will relate to finance, re-employment of staff, requirements around plant and equipment, further information about the seller’s ongoing assistance, assignment of leases, special warranties, and will include any other condition specific to the purchase of this business. These conditions are there for your protection. Once this agreement has been approved by your solicitor you will be asked to sign it and it will be presented to the seller. In a situation where there is more than one offer being presented to the seller, your McDonald Real Estate business broker will ask you to complete a multiple offer declaration. This document is designed to inform you that there is another offer being presented and to ensure you understand that the offer you have made is your best offer and that you have been made aware that you may not have a chance to make a better offer. Again, your McDonald Real Estate business broker will fully explain this to you if the situation arises. After agreement is reached and the Sale and Purchase Agreement is signed by both the buyer and seller, the brokers attention will now be on guiding you through the Due Diligence process. The broker is responsible for gathering and providing any further information required by you or your professional advisers. SALE AND PURCHASE AGREEMENT eieio.co.nz
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