It Is An Agreement Of Sale

“Locked-in property can only be transferred by a transport permit (deed of sale), duly stamped and registered legally. We therefore assert that goods can only be transferred/transported legally and legally through a registered transport obligation.┬áThe buyer will try to prevent the seller from creating a new competitive business that will damage the value of the business sold. The sales contract therefore contains restrictive agreements that prevent the seller (for a fixed period and in certain geographic regions) from recruiting existing customers, suppliers or employees and, more generally, from competing with the sale of the business. These restrictive alliances must be adequate in geography, size and duration. Otherwise, they may be in violation of competition law. : A sale agreement represents the conditions for the sale of a property by the seller to the buyer. These conditions include the amount at which it must be sold and the future date of full payment. Description: As an important document in the sale transaction, it allows the sale process without obstacles. All the terms of sale contained in the Ina agreements are promised in the future that the property will be transferred to the rightful owner, while the sales number is the actual transfer of the property to the buyer. Employees are usually another point of contention when negotiating an asset purchase. When a company`s assets are sold to a new buyer, all employees become, in accordance with the law, the buyer`s successors.

This means that all staff liability, such as work history, leave pay, severance pay and severance pay, will be transferred to the purchaser. If the buyer wishes to terminate an employee purchasing after 6 months, the buyer must pay the employee`s termination salary for the entire duration of the employee in the previous company. In the absence of provisions to protect the buyer, the buyer may have to pay a large bill as a redundancy payment to a worker. As a result, a buyer generally requires the seller to terminate the employment of all employees with the company effective on the reference date. The buyer requires the seller to pay the employees all legal rights to the termination, such as termination fees, severance pay and accumulated leave pay. The purchaser will then offer employees employment under the same conditions as the previous job. Employees begin working with the buyer`s deadline and the buyer will not be responsible for staff until that day for leave, termination and redundancy pay. Since the seller is debited from a high payment to his employees, the seller can increase the purchase price to reflect these debts. Since the interest of the seller and buyer is fundamentally at odds, the issue of employees generally becomes a controversial issue when the sale of assets is being negotiated.

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