When buying or selling a business, how can a lawyer help?
Buying or selling a business is complex. It is tempting to get the deal done as quickly as possible but there are many important things to consider and get right, to ensure the best possible outcome. A commercial lawyer can:
- assist with the preparation of a pre-contractual ‘Heads of Agreement’;
- assist with due diligence for both vendors (to ensure your ‘house is in order’ and you maximise your sale price) and purchasers (to ensure you know exactly what you are buying and you pay a fair price for it);
- review and/or negotiate the terms of any commercial lease;
- review and/or advise on existing contracts, employee arrangements, and handover requirements;
- advise you on the business structure, special conditions and asset protection measures;
- help you navigate through any regulatory compliance and banking requirements;
- assist you in your negotiations;
- prepare and review the ‘Sale of Business Contract’ to ensure the key terms of sale are in your best interests; and
- Manage any disputes which may arise during negotiations or after settlement.
A Scammell & Co. commercial lawyer has the skills, capacity and breadth of experience to advise on all aspects of your business transaction. We suggest that you speak to us in the early stages of buying, selling, merging or restructuring your business.
Please refer to our Commercial and Company Law section for comprehensive information about our legal services for South Australian businesses including:
- Business Structures and Transfers
- Contracts, Leases and Agreements
- Taxation and Revenue Law
- Commercial Litigation
- Liquor Licences
- Notary Public (International Documents)
- Commercial Property Contracts & Conveyancing