The College of Law

PRACTICAL NP2201P_RK

1. Your client company, GLD Hotels Pty Ltd, exchanged contracts two
weeks ago to buy a serviced apartments business known as “The
Golden Rest” which has the management rights to manage
various serviced apartments. The contract used is the standard
Contract for the Sale of Business - 2015 Edition. Assume that no
amendments have been made to that contract and no special
conditions have been added.
Advise your client as to which search you will carry out before
settlement in relation to the business name.
Which of the following answers best describes the response you
should provide? Select one answer only.
Search the NSW business names register.
Search IPP Australia.
None of the answers listed.
Search the ASIC business names index.
2. With reference to the facts in question 1, advise your client as to
the effect of registration of the business name. In particular, your
client wants to know whether that registration will give the
company complete title protection to the business name.
Which of the following answers best describes the response you
should provide? Select one answer only.
It will give no rights at all.
It will give complete title to the name and cannot be challenged.
None of the answers listed.
It is a register through which to locate those who conduct the business
under that name and gives certain rights to the entity which has the
registered business name