When you are buying a business, there are so many things to consider and so many arrangements to put in place. So it’s a relief to know that you can leave all the legal issues to our business lawyers and business solicitors. Call us on 1300 136 386 for a free, fixed fee quote.
You may have made an offer for a business you have seen advertised or you may still be in negotiations with the seller or vendor. In either case our business solicitors can assist you through the process by drawing on our experience in the legal aspects of buying and selling a business.
Once we have received a copy of the heads of agreement or offer, we can then discuss it in detail with you and obtain your views on what you require going forward. We then communicate with the seller’s solicitors in order to reach an agreement that will satisfy your needs and which is acceptable to the seller. We then negotiate the legal terms and conditions of the agreement or contract with the seller’s lawyers and solicitors.
The seller’s solicitors will then produce a contract which includes the agreement between the parties for the sale of business. Both parties then sign and exchange the contract.
We will advise you of any conditions which must be satisfied before settlement of the sale can take place. This often includes aspects of due diligence which you and your advisors will carry out on various aspects of the business. It may also include payment of a deposit, negotiating the transfer of a lease and the carrying out of a stock take, depending upon the nature of the business.
Once all the conditions have been met, settlement of your business purchase may proceed. On the appointed day, we act on your behalf at settlement and ensure that the appropriate stock, property and other valuable business intellectual property is received.
We can also assist you with legal work in relation to obtaining any approvals or licences which you will require to run the business.
Throughout the entire process, you will be able to communicate with your business lawyer as and when required and we will offer the service of giving you access to your documents generated during the business purchase process online.
Our service includes dealing promptly with all documents and putting an emphasis on excellent communication with you, our client.
We know that you want certainty about what you will be required to pay for our legal services. Following detailed discussion with you about the business purchase, we will let you have a fixed fee quote for our legal services. This will let you plan for your expenses during the business purchase period when we know your financial resources may be stretched.
In the unlikely event that any unforeseen searches or expenses may be necessary, we will discuss them with you before any action is taken to incur those expenses.
Feel free to call us on 1300 136 386 for a free quote and to discuss your purchase with our business lawyers and solicitors.
I cannot recommend OzPropertyLaw more! They have gone above and beyond in their service to me on both the sale of my current property and purchase of my new property. We had such difficult buyers and they kept us informed every step of the way and were always happy to help. Having everything available electronically has been fantastic. You can’t go wrong!