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My name is ***** ***** I am a NSW Solicitor. Thank you for your question, and will do my best to assist you with your question. Please understand this is not legal advise Please understand this is not legal advise but a guide to assist you.
Did the contract say that you can take the business back if she did not pay?
If the contract says that you have to give them notice that you are terminating the contract under that clause and taking possession.
You have to make sure that you follow what the contract says.
I am just following up my last post. Do you still need assistance?
No. I am not paid yet because you have not accepted my answer.
I hope you registered the Salon on the PPSR?
You have to sue her for breach and get an order that you get possession under the contract.
You send her a letter demanding the money in 14 days and if it is not paid, then you will enforce the clause to take possession and sell. This is how you have to pursue this.
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The PPSR is a register where you note your interest in the business. It is like registering mortgage but on businesses.
The Personal Property Security Register.