End-to-end legal assistance for buying or selling a business
Buying or selling a business is a significant commercial decision. The transaction may involve valuable assets, employees, leases, intellectual property, licences, stock, customer relationships and ongoing contractual obligations.
A well-managed transaction requires more than preparing a contract. The parties must clearly identify what is being transferred, investigate potential risks, obtain necessary approvals and ensure that all settlement requirements are completed correctly.
Summit Lawyers assists both buyers and sellers throughout the entire business sale process.
Acting for Buyers ◆ Reviewing heads of agreement ◆ Conducting legal due diligence ◆ Reviewing the sale contract ◆ Reviewing leases and landlord requirements ◆ Checking assets and intellectual property ◆ Reviewing licences and permits ◆ Advising on employee transfers ◆ Coordinating settlement | Acting for Sellers ◆ Drafting the sale contract ◆ Preparing disclosure documents ◆ Managing purchaser enquiries ◆ Negotiating payment arrangements ◆ Assigning leases and contracts ◆ Advising on employee arrangements ◆ Preparing settlement documents ◆ Releasing existing securities |
Business sale or share sale?
A business sale usually involves the transfer of selected business assets from the seller to the buyer. A share sale involves the buyer acquiring shares in the company that owns and operates the business.
Each structure has different legal, commercial, tax and risk consequences. We can explain the legal differences and work with your accountant or tax adviser to determine which structure is appropriate for your transaction.
Supporting your transaction from negotiation to settlement
Early advice can help the parties agree on the structure of the transaction, identify potential obstacles and avoid delays later in the process.
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