The clauses contained in this booklet relate primarily to the sale and purchase of business and are drafted principally to be used in conjunction with, and inserted as clauses into, the “Further Terms of Sale” section of the TLANZ (formerly ADLS)/REINZ Agreement for Sale and Purchase of a Business Fourth Edition 2008(2) ONLY and no other edition of that form. These clauses should only be inserted into other editions of the TLANZ/REINZ Agreement for Sale and Purchase of a Business form with caution and must always be used with care and discretion. Particular care should be taken to ensure that the numbering of the clause, or of any clauses referred to in the clause, are modified accordingly. If there is any doubt about the appropriateness of the clause, then the licensee drafting the agreement, or the parties executing the agreement, should take professional advice before execution.
Notes have been inserted adjacent to clauses where considered appropriate, but are not to be taken as a substitute for obtaining professional advice.