Terms of Trade: businessvaluations.co.nz

1. Acceptance of Terms

By engaging the services of businessvaluations.co.nz (the "Provider"), the Client agrees to be bound by these Terms of Trade. These terms apply to all valuations, reports, and consultancy services provided.

2. The Services

The Provider agrees to deliver an independent business valuation report based on the 4-Module Engine and IVS 2025 standards. The report is intended for internal strategic use, partnership discussions, or succession planning.

• Non-Brokerage: The Provider is not a business broker or sales agent.

• Non-Lender: The report is a "Standard Independent Valuation" and is not prepared for formal bank lending or Tier 1 financial institution credit applications.

3. Fees and Payment

• Fixed Fee: The standard fee for a New Zealand SME valuation is $1,950 + GST, unless otherwise agreed in writing for complex or large-scale entities.

• Commencement Deposit: A non-refundable deposit of 50% ($975 + GST) is required to begin the engagement.

• Final Payment: The remaining balance is due upon delivery of the final report.

• Late Payment: The Provider reserves the right to charge interest at 2.5% per month on any overdue balances.

4. Client Obligations & Data Accuracy

The valuation is dependent on the accuracy of the information provided by the Client.

• Reliance on Information: The Provider will not perform an audit or independent verification of the financial records provided.

• Accuracy: The Client warrants that all financial statements, add-back details, and operational data are true and correct. The Provider accepts no liability for valuations based on incorrect or misleading data.

5. Delivery & Turnaround

The Provider aims to deliver the final report within 7 business days of receiving the full data set from the Client. Delays in data provision by the Client will result in an extension of the delivery timeline.

6. Limitation of Liability

• No Third-Party Liability: The report is prepared solely for the confidential use of the Client. The Provider accepts no responsibility or liability to any third party (including potential buyers, banks, or creditors) who may obtain a copy of the report.

• Maximum Liability: To the extent permitted by New Zealand law, the Provider’s total liability for any claim arising out of this engagement shall be limited to the fee paid by the Client.

• No Guarantee of Sale: The valuation is an estimate of Market Value; it is not a guarantee that the business will sell at that price.

7. Intellectual Property

Upon full payment of the fee, the Client is granted a non-exclusive license to use the final report for its intended purpose. All methodology, logic, and "4-Module Engine" structures remain the intellectual property of the Provider.

8. Confidentiality

Both parties agree to keep all financial and operational information confidential. The Provider will not disclose any client data to third parties without express written consent, except where required by New Zealand law.

9. Termination

Either party may terminate the engagement by providing written notice. If the Client terminates the engagement after work has commenced, the 50% deposit remains non-refundable to cover the time spent on Module A and B analysis.

10. Governing Law

These Terms of Trade are governed by the laws of New Zealand. Any disputes shall be subject to the exclusive jurisdiction of the New Zealand courts.

11. Ownership

businessvaluations.co.nz is owned by Holdbourke Limited a New Zealand registered company NZBN Number 9429038955594