IP Asset Sale Terms & Conditions – Legal Notice

 
  1. The sole purpose of the Website Listing is to assist a person in whether they would wish to proceed with a further investigation of the Proposed Sale. It is not intended to form the basis of any investment decision or decision to proceed with the Proposed Sale.
  2. The following conditions shall be applied to all offers received in connection with the Proposed Sale: (1) Legal completion will occur within 7 working days of acceptance; (2) a non-returnable deposit of 20% will be payable within 24 hours of offer acceptance (this will secure exclusivity); (3) in addition the successful purchaser will be required to pay to Metis Partners a buyer’s premium at a percentage of the purchase price on offer acceptance; (4) VAT is likely to be payable on all monies.
  3. Any information provided by Metis Partners in connection with the Proposed Sale in addition to the information contained in the Website Listing or opinions subsequently supplied or given in connection with the Proposed Sale (‘Supplementary Information”) will constitute confidential information pertaining to our client and must not be published, reproduced, copied or disclosed to any person other than the professional advisers to the recipient of the Supplementary Information having a need to know and who are aware that it is confidential, nor used for any purpose other than in connection with the Proposed Sale. Neither the information nor the opinions contained in the Website Listing have been independently verified by Metis Partners.
  4. The recipient will keep all the Supplementary Information supplied or given to it or its agents or advisers in connection with the Proposed Sale safe and secure so as to prevent any unauthorised person having access to it, and the recipient agrees that the information is proprietary to our client and the recipient, has no rights to it except as set out in this notice.
  5. No representation or warranty, express or implied, is given by our client or Metis Partners or their respective advisers or any of their respective partners, directors or employees or any other person as to the accuracy or completeness of the contents of the Website Listing or to the accuracy or completeness of any projections which may be included within the Website Listing or of any other Email or information supplied at any time in connection with the Proposed Sale or as to any information contained in the Website Listing or any other such document remaining unchanged after its issue.
  6. Neither Metis Partners nor any partner, employee or agent of Metis Partners shall be responsible for any error, omission or misstatement contained in the Website Listing.
  7. Neither the Website Listing nor any of the information contained in it shall form the basis of any contract for the Proposed Sale, nor does it constitute an offer or invitation to proceed with the Proposed Sale.
  8. Neither the Website Listing having been accessed by any person nor any information contained in it or supplied with it, or subsequently communicated to any person in connection with the Proposed Sale constitutes, or is to be taken as constituting, the giving of investment advice by Metis Partners to any such person. Each such person should make its own independent assessment of the merits or otherwise of proceeding with the Proposed Sale and should take its own professional advice.
  9. Both Metis Partners and our client expressly reserve the right to alter or terminate any sales process and to accept or reject any preliminary or final offer at any time, in either case, without giving reasons therefore. In furnishing the Website Listing, Metis Partners undertake no obligation to provide any additional information or to update the Website Listing or any additional information or to correct any inaccuracies in the Website Listing or any additional information which may become apparent.
  10. The recipient will on request return or procure the return of all the Supplementary Information and material sent or made available in connection with the Proposed Sale without retaining any copies in whatever form, and shall thereupon destroy any notes, analyses or memoranda prepared by or on behalf of the recipient to the extent that they contain such confidential information. No failure or delay by Metis Partners in exercising any rights in respect of any such confidential information will constitute a waiver of such right.