Monthly Archives: April 2014

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Beware of pitfalls on business purchases

By |April 24th, 2014|

The Court of Appeal recently ruled on the enforceability of certain clauses in the event that sellers breach restrictive covenants – buyers need to be careful that non-payment clauses are not penalties.

Clauses held to be unenforceable

• In short, the clauses in question in the Court of Appeal’s case said that if the Seller breached a […]

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