A. Premises - a lease
Usual investigations - length of remaining term
Rents & rent review
Service charges & insurance
Survey for condition and possible repairs
A Full Repairing & Insuring lease (FRI)
Document: Assignment of lease & registration with landlord

B. Goodwill
Accounts - use accountants to verify
Willingness of customers to return to trade with you
Restriction on seller trading nearby!
Document: Assignment of goodwill

C. Fixtures and fittings
Inventory
Title to the goods
Document: Assignment of fixtures and fittings

D. Stock in Trade
Inventory - usually last minute
Title to goods - payment of suppliers
Purchase of goods if any

E. Employees
Contracts of employment
Transitional provisions
Take over of employees if any

F. Specialities (eg. Restaurant or Pub / Bar)
Take over of liquor licence - transfer of licence
Magistrates Court & Police vetting, soon to be administered by local councils

COMPLETION of CONTRACT AND TAKE OVER OF BUSINESS!

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