Why Stock Clearance Is Important to Create More Shelf Space by Disposing of Surplus Merchandize

Introduction

Stock clearance refers to an operation that the company undertakes legally to transfer the ownership of its goods to another company, meaning that it no more focuses on the sales of goods offered to the other company.

Companies conduct such clearance sales when they want to get rid of stocks even without making any profit in the process. The reasons for getting rid of stocks could result from excessive stocks, unsold stock or returned goods. The main reason for such sales is to create more shelf space by disposing of surplus or out of date merchandize. To prevent the corporate image of the company from suffering a hit, companies use various marketing techniques, and enter into closed-door deals. Companies may also use such stocks to their advantage and claim tax deductions.

Company Mindset

This kind of sale is different from the usual sale in the sense that the latter serves to push up sales by attracting customers and thus adding to your profit. Here, the companies may sell the goods at or even below their cost price.

Common Phenomenon on the High Streets

High streets, the world over, frequently witness such clearance sales. It is usual to come across stores on high streets displaying signboards saying ‘all items must go’ or ‘stock clearance sale.’ This is a typical phenomenon associated towards the end of a season or when the company plans to pull down the shutters for good. Most stores organize “end of the season sales” to liquidate stocks that remained unsold during the season and thus make room for displaying the latest items for the forthcoming season. Shoppers can generally save a substantial amount of money on buying from such sales.

Be Wary of Customer Reaction

When customers hear that the discounts are a result of a clearance sale, they sometimes get apprehensive about the quality of goods. They would have felt more confident if the company had described the sale as a volume discount sale.

Entrusting the Sale to Surrogates

Certain prestigious stores may carry clearance sale of stocks away from their key stores because they consider clearance sale at their own stores promotes a feeling of misgiving among the customers with the product quality, and the entire idea looks sloppy. Therefore, such stores entrust the job to another surrogate company that buys the entire stock from them and sells it to different stores. That way, the corporate reputation of the company remains intact and it gets rid of all unwanted items in one stroke.

Donation

Another widespread practice followed during stock clearance is donation. On donating the stuff, the company can seek tax deduction on some fraction of the original price. The company can also enjoy an added benefit of transferring the goods to a place distant from the store, or even to a different country. This helps avoiding the local area getting flooded with items under clearance sale, thereby serving as an impediment to selling items at full price.

Online

When planning to buy products online, it is worth calculating how much you will save on buying through a stock clearance sale. It may need a bit of research on your part to know the factual price of items that you plan to buy. At times, the store may claim to offer discounts of 50%, for a highly exaggerated original or list price. If you really want to enjoy the maximum savings, you need to know the precise price at which the item is available elsewhere.

Legal Ways Out of Debt – How to Avoid Paying Back 50% of Your Unsecured Debt

Legal ways out of debt is the best solution to smoothly solve the liability issues. The Federal Government has come up with good schemes which can enable the debtors clear their arrears, thereby; legal ways out of debt has no negative consequences.

Debt settlement program is the most popular option used for liability clearance which is supposed to be legal ways out of debt. While selecting the option for debit clearance, it is wise to think about the benefits and its consequences. The most important aspect while deciding the option is to look for the best legitimate choice.

If a person decides to look for legal ways out of debt, then he is considered to be on the safer side. The Federal government provides debit settlement policy which can provide fifty percent discount on the debits of a person.

A person gets eligible to such policy only when he owes unsecured debits which may further result in bankruptcy. When a borrower who is having unsecured arrears may land in trouble, he may tend to file for bankruptcy due to his financial crisis. Bankruptcy is not just affecting a single individual but it has created financial crisis in the country and thus the Government introduced schemes to recover the nation.

A borrower who has unsecured debits crossing ten thousand dollars is eligible for fifty percent discount on the payments of debits. The chances of success in getting discounts is more for the person having large amount of debts or debits due to non payment which led to high rate of interest. There are some situations where a person owes more debits because of multiple credit card usage and if they miss to pay the credit card bills and dues.

Debt settlement is most beneficial provision offered by the federal Government which has legal ways out of debt. Also, when a person uses debit settlement policy, he/she saves that fifty percent of money which is exempted from being paying. If a debit issue is solved legally, it cannot create any problem in the future.

One of the means to get good percentage of discount on the liabilities is by hiring a financial expert from reliable debit settlement companies for negotiation for solving the debt settlement issue.

Buying A Plot: Understanding The Process And Legality Involved

There is a considerable gap between simply wanting to buy a plot and actually undertaking the elaborate process of buying it. Several steps are involved in the process and many of them come with legal implications. Pay close attention to the steps you need to take to ensure that your plot has a marketable and legally cleared title. Here’s a brief overview of the process and the checks involved.

Know Your Deed

First, check the current owner’s deed, as it documents the ownership information and history of the plot. Unless an agent is involved, the plot is invariably in the possession of a seller. Ask for the previous deeds that the seller might possess from their earlier deals and get them checked by a property lawyer to ensure single ownership. If a second party is mentioned, ask the seller for a release certificate from them. The deed also helps ascertain if you will be buying directly from the seller, the builder, or a development authority.

Tax Receipts

Next, you will have to visit the municipality office to examine the property tax details and check if the seller has made timely payments. Ask especially for a copy of the latest tax payment. Talk to officers from various departments and inquire whether there were any unserved notices or outstanding requisitions pertaining to the plot or the seller. And don’t forget to ask the seller to settle the pending water and electricity bills, if any.

Encumbrance And Land Pledging

Legal clearances are of prime importance in making land deals. An encumbrance certificate helps you stay clear of the regular troubles. You can procure this certificate from the sub-registrar’s office after a check on the legal dues is made. Find out if the seller had ever pledged the plot for any mortgage deal, and if so, get a release statement from the bankers.

Power Of Attorney

Power of Attorney is the authority vested in the person dealing with you directly, and that needn’t necessarily be the principal seller. Whenever an agent is involved, the Power of Attorney authorizes the agent to act on the seller’s behalf, and sets deed clauses. Check if the Power of Attorney is general or specific, as the former is usually preferred.

Stamp Paper Agreement And Title Deed

This document specifies the details of the transactions, such as the actual land cost, the agreed advance payment, the deal timeline, and what needs to be done in case of defaulting. This is best drafted by a lawyer, as it is a legal agreement.

The Much-Awaited Registration

For the purpose of registration, you need to arrange all your documents, namely Original Deed, new Title Deed, tax receipts, and encumbrance certificate. Once the registration is complete, the transfer of ownership stands confirmed. Ensure that the registration is completed within the time frame mentioned in the Stamp Paper Agreement.

Now that you have a basic understanding of the process and the legal implications involved in the act of buying a plot, it’s time to turn that dream of buying a plot into reality!