Stage 6 – agreeing the contract terms

Posted by on Mar 15, 2009 in Blogs, business, buying, buying-pubs, English Pub, legal, legal-procedure, pub-buying, pub-sale, pub-sales, pubs, selling, solicitor | 0 comments When the seller’s solicitor prepared the draft contract, it will have included the obvious terms (eg: price) and terms to protect the seller (eg: an indemnity by the buyer in respect of post-completion debts of the business), but not necessarily any terms to protect the buyer (eg: non-competition clauses by the seller). It is the buyer’s solicitor’s job to make sure the...
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White Dog at Ewhurst Green

Posted by on Mar 10, 2009 in beer, Blogs, English Pub, food, pubs | 0 comments As this blog is about pubs, I should mention here the truly excellent meal I had on Friday evening at the White Dog, now run by Bill and Jacqui Tipples – gorgeous Rye Bay scallops to start, and pork saltimbocca as a main course; truly excellent food! The beer wasn’t bad, either: Fuller’s London Pride and a well-kept pint of Harvey’s Sussex bitter All-in-all, a...
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Stage 5: replying to enquiries

Posted by on Mar 10, 2009 in Blogs, business, English Pub, legal-procedure, pub-sale, pub-sales, pubs, selling | 0 comments There seem to be two types of buyer’s solicitors: those who ask the seller’s solicitors to answer standard commercial enquiries, however irrelevant they are to the particular transaction, and those who raise their own enquiries ensuring they are relevant and purposeful. Similarly, there seem to be two types of seller’s solicitors: those who go through the enquiries with the...
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Searches – what are they all about?

Posted by on Mar 8, 2009 in Blogs, business, buying, buying-pubs, English Pub, law, legal, legal-procedure, pub-buying, pub-sale, pub-sales, pubs, selling, solicitor | 0 comments Lawyers often talk about “the searches”, but what do they mean? The main search is the “local search” – strictly, a search in the register of local land charges maintained by the local district or borough council (or unitary authority), combined with a range of enquiries raised with that council, all in relation to the property being searched against – not in...
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Stage 3: Checking the paperwork

Posted by on Mar 7, 2009 in Blogs, business, buying, buying-pubs, English Pub, law, legal, legal-procedure, pub-buying, pub-sale, pub-sales, pubs, selling, solicitor | 0 comments This is where the Buyer’s solicitor can get his (or her) teeth into things: going through the lease (if the pub is leasehold) and the other title documents, checking for defects or problems, raising enquiries about any problems as well as a wide range of other enquiries about the property and the business, and reporting to the Buyer on what is found. It is important that the Buyer and the...
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Long time, no blogging!

Posted by on Mar 6, 2009 in beer, Blogs, buying-pubs, English Pub, pub-buying, pubs | 0 comments Things have been pretty hectic recently, so I haven’t had a chance to post any blog messages I hope to catch up a bit at the weekend Meanwhile, I visited the Bull in Sissinghurst yesterday evening. The new owners have spruced it up nicely, there is a good, friendly, busy atmosphere and the food is of very good quality and well-priced: whitebait followed by lamb cutlets at £8.95 is hard to...
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