CCP T1 A2

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University of Melbourne *

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1160

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Law

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Jan 9, 2024

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docx

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Vendor working table Business names, employees, licences, leases, restraints, security interests, notifications, intellectual property or other transfers or registrations Action required E.g. consents, documents or other action Document or contract clause Westpac Security Interest in 2 Wedderburn Scales - Security interests in personal property are recorded on the PPSR, the balance of outstanding on the loam shall be paid to the secured party by or on completion to remove the PPSR. - Vendor can provide either a release of the security interest or a statement under PPS Act s275 issued by secured party stating that the amount secured is nil or that the property sold is not subject of the security interest. - To remove registration on the PPSR, the vendor shall access the PPSR online, go to the Registrations tab and select Discharge a registration. Clause 36.4.1 Deed of Restraint - Prepare Deed of Restraint with Sonja Johnston, Elliot Johnston and Hans Silberman. - Hans Silberman is a key person and a person who needs to sign the restraint deed. Clause 17.1 Clause 17.2 Lease - Get a copy of the new lease from Vivienne and Tanya Kavanagh to provide to purchaser. - Ensure that both the landlord and the purchaser sign the new lease agreement. - The purchaser should give a guarantee of the new lease as the tenant is a company. Clause 30.3 Transfer of Business Name Check that that Business Name is still registered ASIC Portal Clause 20.1.2 Clause 20.3 f8d75d14d9685352b22dfb4f1ae4cf2482985e59.docx Page 1 of 5 © The College of Law Limited

with ASIC Check that that Business Name is still registered with ASIC - Check that that Business Name is still registered with ASIC. - Provide certificate of registration of each business name associated with the business, containing the transfer number and any other information needed. - Fill out relevant documentation required to complete transfer. - Apply for the transfer of a business name on ASIC website to enable the purchaser to apply to register the business number. Franchise (24/7 Convenience Stores Pty Ltd) - Obtain Consent from master franchisor 24/7 Convenience Store to transfer the franchise from Vendor to Jasmin Chua Enterprises Pty Ltd. - Complete all required paperwork required by the head office of 24/7 Convenience Store to transfer the franchise. - Pay costs of the franchisor relating to the application for consent. Clause 31.2 Social Media Accounts - Check and verify the business facebook page, twitter and website - Make sure everything is in order and running properly - Abide by the platforms terms/conditions when transferring information and data. - Provide the purchaser with login details of accounts. - Prepare and sign all transfer documentation required. Clause 20.3.1 Employees Vendor must Clause 32 Clause 33 Clause 34 Clause 35 f8d75d14d9685352b22dfb4f1ae4cf2482985e59.docx Page 2 of 5 © The College of Law Limited

provide written notice to all employees of the business of its sale, the date of settlement and how the sale pay impact their employment. - The vendor must provide written notice to all employees of the business of its sale, the date of settlement and how the sale may impact their employment. Cl 12 of the standard contract f8d75d14d9685352b22dfb4f1ae4cf2482985e59.docx Page 3 of 5 © The College of Law Limited

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