Do I need to promise the purchaser that all my equipment is in working order?

Question: Do I need to promise the purchaser that all my equipment is in working order?

Answer:

Yes. If you are selling a business, it is often essential for you to warrant that the equipment you are selling with the business are in good working condition. If this is not the case, the purchaser will usually require you to reduce the price to take into account the defective equipment.

Answered by Priscilla Ng

Priscilla is a lawyer. She practises in the areas of business and commercial law, intellectual property and employment law. In her past work experience, she practised in property law, family law, wills and estates, and civil litigation.

Get in Touch

Fill out the form below and a LegalVision team member will be in touch shortly!

Our Awards

Top 20 Startups in Australia - 2018 LinkedIn Startups List
NewLaw Firm of the Year Finalist – 2018 Australian Law Awards
Law Firm of the Year Finalist – 2018 Australasian Law Awards
AFR Fast 100 List – 2018 Australian Financial Review
NewLaw Firm of the Year – 2017 Australian Law Awards
Customer Service Experience of the Year – 2017 Optus My Business Awards

Privacy Policy Snapshot

We collect and store information about you. Let us explain why we do this.

What information do you collect?

We collect a range of data about you, including your contact details, legal issues and data on how you use our website.

How do you collect information?

We collect information over the phone, by email and through our website.

What do you do with this information?

We store and use your information to deliver you better legal services. This mostly involves communicating with you, marketing to you and occasionally sharing your information with our partners.

How do I contact you?

You can always see what data you’ve stored with us.

Questions, comments or complaints? Reach out on 1300 544 755 or email us at info@legalvision.com.au

View Privacy Policy

Q&A