Buying and selling a business
Deed of Restriction of Competition
A standalone restraint stopping a seller or key person from competing with the business they have sold.
Before you start
- Have the business sale contract in front of you: the restraint area, the restraint period and the description of the business in this deed must match the business sale contract.
What you'll need
The key person's full name, address and email; the buyer's full legal name, ABN or ACN, address and email; the seller's full legal name, ABN or ACN and address; the date of the business sale contract; the address of the business premises; and the description of the business exactly as it appears in the business sale contract.
What you get
- The finished document in Word, completed from your answers
- A plain-English guide to completing, signing and keeping it
- DIY straight away, or a solicitor check within 1 to 3 business days
How it works
- Answer the questions, in 4 short steps.
- See your fixed price and pay.
- DIY documents download straight away. Solicitor-checked documents arrive within 1 to 3 business days.