QLD - Sale and Purchase of Business
A review of these matter types has now been completed.
The following dates have been added to Matter Details table:
- Lease Approval Date
- Books and Records Verification Date
- Stocktake Date
The Business table and the Lease (Business) table have both been amended to better reflect the information completed in the REIQ Contract – Business Sale.
Changes made to the Business table include removal or rewording of some items as well as the addition of the following:
- Sold on walk-in/walk-out basis?
- Stock in trade (maximum)
- Estimated work in progress
- Buyer's trial period
- Requisitions: amount to be limited to
- Until completion, business, assets and stock-in-trade at risk of
- Is this a sale of a going concern?
- Does purchase price include GST?
- Transfer Duty Calculator
- Special Conditions tab to allow completion of up to 5 special conditions
Changes made to the Lease (Business) table include rewording of some items as well as the addition of the following:
New Lease:
- Special conditions (new lease)
- Cost/expenses of new lease to the account of
Transfer of Existing Lease:
The Lender and Settlement Details tables are now standard for these matter types and Lessee, Lessee's Solicitor and Guarantor have been added to the Possible Table Types list. 
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