Franchising in Australia

Get your Free Book by Legal Author Eric Kalde.   Franchising in Australia The growth in franchised businesses has been enormous . Australia is the most franchisedcountry worldwide, with nearly twice as many franchised businesses as America, and three times as...

Lending Money to a Family Member?

I am lending money to a family member. Do I need a mortgage? Today’s article was prompted by a question from the general public. A lady called the office and said: ‘I am lending money to my son to buy a house. I am considering downloading your mortgage precedent –...

Why Vendor Finance is a Bad Idea..

Why Vendor Finance is a Bad Idea..

A client recently told me she had learned about vendor financing in a business seminar. One of those seminars was spruiked by slogans such as ‘build a business empire with no money down’.In my experience vendor finance almost always backfires. Here’s why. Purchasers...

How’s this for Sneaky!!

How’s this for Sneaky!!

How’s this for sneaky…   I recently advised a client looking to purchase a particular business. On reading through the Contract of Sale I perused the Lease attached to the Contract. The Lease expired in a year’s time, but it had two options to extend for two more...