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sunshine windies

  • Posts: 232
buying a round contract
« on: September 13, 2011, 01:53:38 pm »
Hi
Just wondered has anyone got a template for a contract which can be used for buying a round? Sure ive seen this question asked on here before but i cant find the thread........
cheers
scott 8)
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Helen

Re: buying a round contract
« Reply #1 on: September 13, 2011, 03:11:05 pm »
Surely the contract or agreement is based on the purchaser and seller's personal requirements, which should be drawn up between them. How could a general template help? :)
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Simon@ Clearview contractors

  • Posts: 755
Re: buying a round contract
« Reply #2 on: September 13, 2011, 04:31:26 pm »
It's called a restrictive covenant.

I have had used one previously, they look all official, but in our game they are hard to enforce.
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sunshine windies

  • Posts: 232
Re: buying a round contract
« Reply #3 on: September 13, 2011, 08:25:14 pm »
I was looking for an idea of the basic info. which would be included and then i can draw something up based on our own personal agreement. I have no idea where to start though so was thinking if anyone has used one in the pat perhaps they could help ;D
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bobplum

  • Posts: 5602
Re: buying a round contract
« Reply #4 on: September 13, 2011, 08:26:51 pm »
i use a verbal one.."oih tight arse its your round" always seems to work ;D
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Ian101

  • Posts: 7889
Re: buying a round contract
« Reply #5 on: September 13, 2011, 11:24:22 pm »
Maybe I'm old fashioned but never felt the need for a contract when buying and selling work
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wpclean

Re: buying a round contract
« Reply #6 on: September 14, 2011, 12:02:36 am »
Meet the person selling the round and ask yourself if the person seems trustworthy ?

Go over the figures and ask questions

Agree to work the whole round with the seller

Make an offer  ;D
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Johnny B

  • Posts: 2385
Re: buying a round contract
« Reply #7 on: September 14, 2011, 08:50:05 am »
When I sold my round earlier this year, I drew up a contract which covered both sides. In it I stated the location of the work, how many customers there were and the turnover.

I added declarations that as a seller I relinquish the responsibility of said business to ..., and that the new owner assumed full responsibility ... etc. etc.

It may all sound boring, but both parties knew exactly where we stood, and were therefore protected from any later changes of thought that might create a misunderstanding on either side. I sold the work in 3 stages to the same guy using similar contracts. I was happy, and the buyer was happy as he knew exactly what he was buying, and that I would not try to regain the business by canvassing it back etc.

John 
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Being diplomatic is being able to tell someone to go to hell in such a way that they look forward to the trip.

sunshine windies

  • Posts: 232
Re: buying a round contract
« Reply #8 on: September 14, 2011, 08:35:02 pm »
Johnny........any chance you could send me a copy of it if youve still got it - minus any details you dont want me to see of course

cheers
sungless@hotmail.co.uk
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