Preparing your business for a sale is an essential part of the business sale process. Our commercial lawyers have helped many people sell their business and are experienced in all aspects of business sales. We have helped many clients in buying or selling a business and understand both perspectives clearly.
Business sales can be complex or more simple depending on the size or type of your business. Our business sale lawyers will help you throughout the sale process with advice, negotiations and settlement.
Our experience in the application and legal knowledge of the commercial law that covers business sale and purchase transactions is extensive.
We can assist in preparing and negotiating terms and conditions for:
Having business sale agreements and documents professionally prepared will help smooth the way to negotiating the best outcome and sale price for you. Our business lawyers can assist at any stage of the business sale to make sure that you are protected. This is of great importance as you may be selling to a known or potential competitor.
Having the right documents drafted from a skilled lawyer will ensure that your investment is protected and you have recourse if they attempt to profit from your business ideas and processes.
No doubt as a business owner you will be busy preparing financial data, customer lists and trying to calculate goodwill. Our legal team will be helping you to ensure that all the other essential business assets, licences and agreements are considered to allow a smooth transition between the owners.
We ensure that matters are considered carefully and that you are advised such matters as:
All of our contract documentation is prepared with precision and that terms and conditions are there to reflect the agreement you have reached. Proper legal drafting will assist in reducing disputes further in the relationship. While you might be mostly interested in the purchase price, we will ensure that careful consideration is given to all the terms, so as to protect your interests as you exit the business
How you have set up your corporate structure will affect how the business sale is transacted to some degree. A business purchaser may be acquiring the company and the shares or setting up a new entity. The transfer of the busines name and registration will also have to be considered.
A business owner should give consideration to the intellectual property and any registrations that they have and ensure that these are in place or are transferred at sale. Intellectual Property can increase the value of your business greatly as these are often make up the brand and its identity. This will include patents and business processes and any recipes.
The business premises are often a large consideration in any business sale and the premises may be included as part of the sale. In either case ensuring that you exit the business and have any liabilities extinguished as far as possible, such as transfers of lease etc.
Making sure that what is included in the sale is properly documented is crucial particularly if you are not including all equipment or business assets in the sale.
Having all the business documentation properly transferred so that the new business owner can continue to trade and enjoy the same benefits or rights under the existing agreements will add value to business. It is important that you have the right advice and lawyer to help you in these negotiations to retain the value of your business relationships.
It is important that any assignment, transfer or new permits are granted so that the new owners can continue to trade.
Debtors and creditors will need to be considered and how you wish to deal with outstanding Work in Progress or orders will also need to be properly reflected in the Contract of Sale.
Ensuring that transfer of employees is done correctly is vitally important. Employee entitlements and how whether employees will continue with the organisation is key to avoiding costly mistakes and having to pay out entitlements unnecessarily.
It is important to avoid potential false and misleading claims that you have the right advice from organised and professional legal team. Good preparation will lead you to your desired outcome faster.
Our legal team are experienced in handling more than just the business sales we also assist with disputes and litigation and can help resolve any issues that arise.
Excellent Service. PCL did a great job advising me about my rights and protecting my name and business goodwill. I can absolutely recommend this very professional service.
If I had of gone to another law firm that was cheaper I may have saved many thousands of dollars but as it turns out I may have lost a lot more than that upon settlement. Using a firm such as PCL lawyers I had the peace of mind that each issue as it arose was dealt with in a very matter of fact way and to the letter of the law.
Out of speaking to two other lawyers you were the only one to give me any genuine advice.
Thank you so much for your assistance. Should I ever have the chance to recommend you I will do so.
I appreciate your time and effort and thank you for your prompt response and professionalism. I would not hesitate to use your services again and refer PCL Lawyers to others.