sale and purchase of business
Selling or purchasing a business is complex. You need to know how to treat assets, goodwill, staff, equipment, property leases and intellectual property. It is the lawyer’s role to handle all of this in the sale of your business. Your commercial lawyer can also help you with:
- due diligence,
- drafting and negotiation special condtitions,
- contract review,
- negotiation of commercial terms and,
- exchange and settlement.
Selling Your Business: Step-by-Step Overview
Thinking about selling your business? Our Step-by-Step Guide breaks down the entire process — from preparing a Contract of Sale to final settlement and post-sale obligations.
Business assets that may be covered by a sale or purchase include but are not limited to:
- intellectual property (IP) rights e.g. trade marks
- real property interests e.g. commercial lease
- licences and contracts with suppliers
Make sure you get everything you are paying for. Get us working for you to get the best deal possible. If you are selling, having your business appraised before going to market is a good idea. The purchaser’s solicitor will analyse and dissect the components of your business to ascertain its strengths and shortcomings. Going through this exercise with our own solicitor beforehand gives you the opportunity to fix defects before being put under the purchaser’s scrutiny. Click here for more information about business appraisal prior to sale.
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Sale and Purchase of Business in NSW.
by: Eric Kalde Legal Author
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