5 going concern, lease, sale contract

What isn’t in going concern And what’s in et quelle universalité

no immovables

Clientele

universalité de fait (de facto) because no debts

Examples of property rights

Patents, Trademarks

Protected by Infringement action (action en contrefaçon)

Déf infringement action

When someone uses or copies an intellectual property without permission

Trad the lease of the going concern and what is it

La location gérance

Owner rents his going concern to someone at his own risk

= Lessor rents going concern to a lessee

Lessor

Bailleur

Celui qui loue son fond de commerce

Lessee

Le locataire-gérant

Celui qui loue et gère le fond de commerce mtn

Conditions of the lease

Lessee must have commercial capacity

Lessor must sell going concern that exists (proof clientele)

Contract must be published in a legal advertisement within 15 days of its conclusion (support habilité à recevoir des annonces légales) Until then, debts of lessee will be associated with lessor

Meaning : a contract is void

Le contrat est nul

Maybe due to a lac of content

Exception of a going concern without activity for a long time, what about clientele

C.cass says : still going concern because still clientele

For lease of going concern, obligations of lessor

-must make business available for the lessee (explains how machine work)

-guarantee against hidden defects (garantie des vices cachées) EX : machine dont work, lessor must replace it

-guarantee of peaceful possession (garantie d’éviction) , lessor dont try to compete with lessee

For lease of going concern, obligations of lessee

-to run the business reasonably

-to pay the royalties (redevances to the lessor)

Third partie who ans can legitimately ask what ?

-not in contact of the lease

-creditors of lessee

-can legitimately ask lessee the payement for the debts if business is at risk

Trad a bridge of contract

Inexécution contrat

When end of lease contract

-Lessee cannot claim compensation fr the increase in value that he has brought to the going concern

-lessee must immediately pay all his debts

Conditions for a valid sale contract

-must mention monthly turnover (chiffres d’affaires)

-publication of the sale in a legal advertisement and in the BODACC (bulletin officiel des annonces civiles et commerciales)

BODACC

Bulletin officiel des annonces civiles et commerciales

Déf monthly turnover

Chiffre d’affaire mensuel

Effects of sale of going concern For the lessor, what guarantees(3) and is he propriétaire ou pus mtn ?

-lessor not propriétaire of going concern anymore

-lessor must deliver : 3 guarantees: of délivrance, peaceful possession, against hidden defects

Obligations of the lessee Wen sale of going concern and what can do the creditor?

-must pay price after 10 days To lessor

-Creditor has right of opposition if he senses that busisness isn’t good within 10 days, appelle aide commissaire de justice