Looking for a business sale Lawyer? Selling your business can be one of the most rewarding and stressful experiences of your business life. You have worked hard to build a profitable and valuable asset and you want to maximise the value of the business while also reducing the risk of any claims against you in the future. You don’t just need any Lawyer, you want an experienced Lawyer who is your trusted advisor and advocate during the sale process.
We are here to help you. We know business. We like acting for business owners. We appreciate the value of a business to you. We are experienced business sale Lawyers.
The contract stage is very important. Don’t be fooled into believing that a standard form contract will be adequate for your business or that your business sale is the same as any other. Every business is unique and has its own processes, procedures, practices and risk issues that need to be considered.
We can help you draft a contract which suits the type of business that you are selling. We can also discuss what issues may arise after the contract stage or after settlement and which need to be mitigated against where reasonably possible.
We are also mindful that lawyers should not crash the deal particularly where overall the deal is good for you. We need to given sensible commercial advice to mitigate risks but also without jeopardising key relationships. We approach our advices on the basis that there are two parties, a seller and a buyer and we need to give advice that will find a reasonable compromise between the two parties so that the deal can be maintained where possible.
When selling your business don’t forget there are various issues to be dealt with including:
- personal guarantees given to suppliers – have you organised for them to be released and for the purchaser to provide replacement guarantees?
- security to banks and other parties – the purchaser will want those released as a condition of settlement and we can assist you with doing that.
- franchise agreements – getting the franchisor to consent and working through that process should be commenced as soon as possible.
- the premises – if leased, the landlord’s consent is required otherwise you will breach your lease. This can take time and again you want it done properly as usually the rent is the biggest risk that a business takes on and you don’t want to be responsible for any breaches of the lease after settlement.
We love working with business owners as they are entrepreneurs. We want to see your business be successful and also ensure that you receive value for money when you exit your business. Contact us today to discuss your circumstances and to speak to a business sale Lawyer. We can be contacted on (07) 4724 1016.