"The clauses contained in this booklet relate primarily to the sale and purchase of
business and are drafted principally to be used in conjuncti on with, and inserted as
clauses into, the “Further Terms of Sale” secti on of the ADLS/REINZ Agreement for
Sale and Purchase of a Business Fourth Editi on 2008(2) ONLY and no other editi on
of that form.
These clauses should only be inserted into other editi ons of the ADLS/REINZ
Agreement for Sale and Purchase of a Business form with cauti on and must always
be used with care and discreti on.
Parti cular care should be taken to ensure that the numbering of the clause,
or of any clauses referred to in the clause, are modifi ed accordingly.
If there is any doubt about the appropriateness of the clause, then the licensee
draft ing the agreement, or the parti es executi ng the agreement, should take
professional advice before executi on.
Notes have been inserted adjacent to clauses where considered appropriate, but
are not to be taken as a substi tute for obtaining professional advice."