Petition · past parliament
To change the law on business transfer contracts, to allow cooling off period
Closed
49 signatures
What the petition asks
My friend was put under pressure by a business sales agent to sign a contract to sell her business, he did not mention that there was no cooling off period.
There are examples of companies using business transfer contracts with the sole intent of taking small businesses to court. Defending these cases causes financial hardship, loss of business and severe stress and strain.
Timeline
| 10 Nov 2015 | Petition opened for signatures |
| 10 May 2016 | Closed to new signatures |
Key facts
Signatures
49
Status
Closed
Opened
10 Nov 2015
Closed
10 May 2016
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Source: the official petition page. Last checked 15 Jul 2026.