Facebook site ownership when buying a business
Question: You recently bought a business but the vendor refuses to handover control of the Facebook page used by the business. It has a good following so it is an important way for you to get work. What can you do about it?
Answer: The Standard Contrract for the sale of a business promoted by the REIQ and the Queensland Law Society does not cover this. Your lawyer should have included a Special Condition requiring the vendors to make you an administrator of the Facebook page so you could then remove them and take control yourself.
For further information regarding special conditions in business contracts please contact: Geoff Matheson (07) 32235901 gmatheson@mckayslaw.com or Harold Littler (07) 32235912 hlittler@mckayslaw.com .
Source: Master Plumbers magazine, February 2013, page 20.
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