Commission & Undertaking
Commission will be payable on sale or lease or any other disposition of the school, its assets or any part thereof resulting from an introduction from National School Transfer, subject to a minimum of ₤1000 plus VAT. NST charges a one off fee of ₤100 to cover administration fees which is payable at registration stage, this fee will be deducted from the final commission in the event of sale. This fee in non-refundable.
Commission will be calculated as follows:
(i) On sale of any assets or part thereof including stock and goodwill – 2.5% + VAT *
(ii) On lease of any assets or any part thereof – 2.5% + VAT * of the capitalised rent
(iii) On a disposition of any other kind – on a fair and reasonable basis*
(iv) I understand that all dealings between myself and National School Transfer shall be governed by and construed in accordance with English Law. Disputes arising from this shall be subject to the exclusive jurisdiction of the English courts.