YOUR NEEDS

You can let us know your requirements by completing, signing and returning the following sections/pages so that we provide you solutions which could meet your needs.

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MERGING, BUYING OR SELLING BLOCK OF FEES/PRACTICES

We are enclosing our standard set of forms for you to complete and return before we formally put you on our registers.

Please note that the control stays in your hands at all times. You are under no obligation to buy from any one of the parties we introduce, even if we introduce several of them. No doubt you would assess the situation in every case and if you find that even after paying our fees the whole thing is worth while buying, you buy it otherwise not. So long as you do not buy anything, there is nothing to pay as we operate on No Deal : No Fees basis.

Since we give introductions only to those parties who are on our registers, therefore please complete the said forms and return the same to us before we start giving you introductions.

Thanking you

Yours faithfully



Mrs. V. ARORA
Consultant
....................................................
....................................................

PRACTICE DISPOSAL AGENCY
26 MONTAGU HOUSE
109-113 WHITFIELD STREET
LONDON W1T 4HJ

Consultant Mrs. V.ARORA, B.ECON(hons.)

Mobile: 079 0066 5503 Tel: 020 8575 6710

Our Ref : S11    

Your Ref:

PLEASE COMPLETE AND RETURN BY EMAIL AS SOON AS POSSIBLE

----------------------------------------------------------------------------------------- --------------
Ref: S11B

To: PRACTICE DISPOSAL AGENCY                        DATE:.........................................
26 Montagu House
109-113 Whitfield Street, London W1T 4HJ

We are interested in: SALE/ PURCHASE/ MERGER

Name.......................................................................................... Proprietor/Partner(s)

Practice name................................................................ No. of partners.......................

Address.............................................................................................. ...........................

........................................................................................................... ..........................

........................................................................................................... ..........................

Tel: Day...................................................... Evening....................................................

Fax no:....................................................... e-mail .....................................................

Date: .................. Signatures.................................................... Proprietor/Partner(s)


....................................................

PRACTICE DISPOSAL AGENCY
26 MONTAGU HOUSE
109-113 WHITFIELD STREET
LONDON W1T 4HJ

Consultant Mrs. V.ARORA, B.ECON(hons) Tel: 079 0066 5503
Tel: 020 8575 6710 
Our Ref: P25
Your Ref:

PRIVATE & CONFIDENTIAL




Dear Sir/Madam,

MERGING, BUYING OR SELLING BLOCK OF FEES/PRACTICES

Would you please list below the names and addresses of the parties, if any, you do not wish us to contact either because you have been in direct contact with them or because of any other reason. If none please state "NONE" and sign and return to us.

S.No. NAME ADDRESS

1. ........................ ..............................................


2 ........................ ..............................................


3. ........................ ..............................................


4 ........................ ..............................................


5. ........................ ..............................................


Yours faithfully



Mrs. V. ARORA
Consultant

PLEASE SIGN AND RETURN

Signatures. ............................................ Proprietor/Partner


Date:.................. ............................. Proprietor/Partner

All our introductions are subject to BASIC TERMS OF BUSINESS as set out on document reference B17 

Ref: B17 BASIC TERMS OF BUSINESS

1. We understand:

a) That you provide your services to the buyers as well as the sellers on various matters in connection with the buying and the selling of the Block of Fees/Practices as consultants for both the parties and not as agent of either of them.
b) That all your introductions are on the clear understanding that both the buyers and the sellers shall keep you informed of the outcomes of all the communications between them as the negotiations progress until finally concluded.
c) That only those buyers and sellers shall pay the fees for your services as per the terms of your business who are successful in concluding a deal after you have introduced them.
d) That although you are entitled to the fees on the date of introduction but the same becomes payable only and only if and when legally enforceable contract between them comes into existence, otherwise not.
e) That where the introductions to the buyers and the sellers originate from you as well as from any other source, you shall still get your fees, unless the buyers and sellers inform you of the names of the relevant parties introduced to them through other sources before you gave them such introductions.
f) That we are not in negotiations regarding buying, selling and/or merging our practice with any other party at present and if we do, we shall immediately inform you in writing by fax or by recorded delivery post. We shall maintain strict confidentiality at all the stages of negotiations. We shall not pass any information to others and if we happen to do so, we shall compensate for loss, if any, resulting.
g) That the parties who agree to abide by the terms of your business are responsible to pay your commission in the event of deals resulting between persons connected with them including present and future partners and associates of those parties whether as buyers or as sellers so far as those deals relate to items, for which, you introduced the said parties in the first place.

2. We hereby undertake:

h) To keep you informed of the dates, times and outcome(s) of all the communications with the party/parties introduced by you, as the negotiations progress until finally concluded. To keep you informed of the details of all the offers made by/to the party/parties introduced by you. To send you a copy of the draft and final agreement on the day we receive the same.
i) To refer all disputes, if any, arising in relation to this agreement to a single arbitrator appointed by ICAEW or ACCA or Courts in London and to bear all the costs.
j) To send you a cheque for the amount of fees (being 5% of all the amount of GRF of sellers practice in the case of merger otherwise 5% of all the amounts paid or payable, to the sellers under all the agreements, howsoever described, together with vat thereon) due to you on the date legally enforceable contract(s) between us and the party/parties introduced by you, comes into existence.
In the event we happen to be late by more than 14 days in sending the cheque on that date to settle the account in full even if seller is paid only part of the consideration by that date, we shall pay interest @ 2% per month from that date on outstanding balance of commission until paid in full.

Signatures: ........................................... Proprietor/Partners

Date: ...................... ........................ Proprietor/Partners
.

Please send the completed forms to PDA

Alternatively send your details by e-mail to:

arora@practicedisposalagency.com

www.practicedisposalagency.com