Victoria Contract for Sale of Business

Cancel an existing lease on office or retail space in the State of Victoria with this Mutual Cancellation of Lease template.

• This agreement is only for VIC business tenancies and should not be used for residential tenants.
• The Cancellation of Lease form is used to terminate a commercial business lease and extinguish all rights and obligations of the parties except for those which accrue prior to the termination date.
• Both the lessor (landlord) and lessee (tenant) mutually agree to terminate the lease as of a specific date.
• This template is downloadable and fully editable to fit your needs.
• Intended to be used in the State of Victoria, Australia.

A seller of a business in the State of Victoria must provide the purchaser with this Statement by a Vendor of a Small Business, under Section 52 of the Estate Agents Act 1980.

• A small business is defined as one in which all of the goodwill, plant, equipment and fittings being sold have a total price of $350,000 or less.
• This is Form 2, Regulation 7, Estate Agents (General, Accounts and Audit) Regulations 2008.
• This is a free downloadable form in MS Word format, provided by the Government of Victoria.

Sell the assets, goodwill and inventory of an Australian business with this template Agreement for Sale of a Business.

• The business is being sold as a going concern.
• The balance of the purchase price, after the down payment and earnest money deposit, will be secured by a promissory note which is included in the package.
• The seller makes certain representations and warranties regarding the business and its operations, including compliance with all applicable laws.
• The buyer covenants to treat all information as confidential, and to carry sufficient hazard and liability insurance until the promissory note is paid in full.
• The sale is conditional upon the buyer being provided with, and being satisfied with, information and records of the business.

You can pay a solicitor a lot of money to prepare your paperwork. Or you can save money by downloading the Australia Agreement for Sale of Business.

Notify your business tenants that their leases have been transferred to a new owner of the building with this Australia Notice to Tenants of Assignment of Business Lease.

• The landlord of the building must give notice to all the leasehold tenants following the sale of the premises.
• The Notice also instructs the tenants that rent is now to be paid to the new landlord.
• This form can be saved as a template and re-used as often as you require.
• The form is fully editable and can be used in any state or territory by filling in the appropriate information.
• Intended for use only within Australia.

Sell and transfer your ownership interest in a software product to a customer under this template Agreement for Sale for Australia.

• The software application was developed specifically for the customer.
• The sale includes the source code and related documentation for the software.
• The parties agree that this is a sale transaction and not simply a licence for use of the software.
• All title and rights in and to the software passes to the buyer upon completion of the sale.
• The seller waives all intellectual property rights to the program, including moral rights.
• This Agreement for Sale is governed by Australian intellectual property laws and can be used in all states and territories.

Sell of the shares of an Australian corporation to a purchaser under the terms of this Share Purchase Agreement which includes State-specific trade restraint clauses.

• If required by the purchaser, the parties will jointly conduct a stocktaking of the business before completion of the transaction.
• Any disputes with respect to the stocktaking will be referred to an expert valuer.
• The vendor is liable to pay the amount of any loss arising from a reduction in the value of the company's assets, an increase in the liabilities, or any breach of the vendor's warranties.
• There is no liability in respect of trade debts which are paid in full on or before completion, or within 12 months after they become due.
• The vendor agrees to encourage the company's clients to use the company's goods and services, and must provide assistance in relation to the ongoing business of the company.
• Both parties are bound by ongoing confidentiality provisions which will survive the closing.
• Available as a downloadable MS Word document.
• Intended to be used only within Australia.