1 - Right to cool-off and restrictions on that right
You may notify the vendor of your intention not to be bound by the contract for the sale of the business UNLESS -
(a) this form has been served on you not less than 5 clear business days before the making of the contract; or
(b) you have, before signing the contract, received independent legal advice from a legal practitioner and the legal practitioner has signed a certificate in the prescribed form as to the giving of that advice; or
(c) you purchased by auction; or
(d) you purchased on the same day as you, or some person on your behalf, bid at the auction of the business; or
(e) the sale is by tender and the contract is made not less than 5 clear business days after the day fixed for the closing of tenders and not less than 5 clear business days after service of this form; or
(f) the contract is made by the exercise of an option to purchase the business not less than 5 clear business days after the grant of the option and not less than 5 clear business days after service of this form; or
(g) the business is not a small business
2 - Time for service
The cooling-off notice must be served -
(a) before the end of the fifth clear business day after the day on which this form is served on you; or
(b) before settlement takes place,
whichever is the earlier
3 - Form of cooling-off notice
The cooling-off notice must be in writing and must be signed by you