Commercial Law and Transfer of Licenses - Law Assignment Help

Assignment Task

Drafting these Special Conditions
The following matters should be considered for the drafting of Special Conditions that will apply to our fact scenario. Not necessarily in this order though.

1. Warranty as to the assets of the business
A warranty by the Seller that the business assets listed in Schedule “A” constitutes all of the business assets being sold pursuant to the contract.

2. Transfer of licences
Read Item K and clause 8.1(b), you need to draft a Special Condition amending 8.1(b) stipulating that the contract is subject to the transfer or obtaining of all licences, permits or consents needed to conduct the existing business.

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