If you need a business sale lawyer, our M&A legal team can help. Our contract lawyers draft, review and negotiate business sale agreements and share sale agreements.
A business sale agreement is a contract for the sale of a business. The contract allows for the sale of business assets or the sale of shares. Business assets that are being sold may include trade secrets, goodwill, intellectual property rights, inventory and equipment.
Our business sale lawyers have extensive experience in preparing business sale contracts and negotiating terms. We offer M&A legal services for buyers and sellers of businesses.
We help our clients throughout the process, from letters of intent, commercial leases, employment contracts, due diligence and disputes.
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Our M&A lawyers draft business sale agreements.
It is important to have the right documents in place. Consider whether a terms sheet, heads of agreement, or a non-disclosure agreement may be necessary.
Our team of lawyers draft, review and negotiate asset and share sale agreements. We can prepare bespoke documents to suit the sale of small businesses or larger business sale transactions.
Due diligence allows potential buyers to review business records.
This helps identify potential risks and enable buyers to confirm they wish to proceed with buying the business.
Our business lawyers provide services to sellers to help them comply with their due diligence obligations.
Our experienced M&A lawyers draft, review and negotiate business sale agreements and share sale agreements.
We will work with you to ensure legal terms are appropriate, including the purchase price, warranties, conditions precedent, indemnities, and guarantees.
Our lawyers ensure that business sellers fully understand the terms of the business sale contract. This enables sellers to make informed decisions.
Settlement occurs when a business sale is finalised and the purchase price is paid. We work with our clients to ensure this process runs smoothly.
Our business sale lawyers will ensure the right documents and property are transferred to the buyer. Everything needed for settlement to take place will be organised for you.
Our business sale legal services are offered on a fixed fee basis. Our clients know how much they will pay for our services upfront. We pride ourselves in giving our clients a positive experience and doing away with unknown legal bills.
There are lots of options when it comes to choosing legal experts. At Prosper Law, our M&A lawyers have built a large portfolio of clients, receive excellent reviews and have repeat clients.
Take a look at our reviews and find out why clients across Australia choose us.
Our law firm packs a punch when it comes to the calibre of clients we work with. Our clients include international retailers and distributors and big brands.
Australian companies seek legal advice from Prosper Law because of our experience in drafting, reviewing and negotiating agreement terms.
Our team of contract lawyers are skilled negotiators and are experienced in M&A law.
Meet our team of professional contract lawyers – you’ll be glad you did.
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If you would like to contact an online lawyer, you can complete the contact form, email or phone Prosper Law. If you know you need to speak to an online lawyer, but you’re not sure exactly what your legal problem is – we can help you. Get in touch today and discover why Australian businesses choose Prosper Law’s team of lawyers.
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As M&A lawyers, we understand that the business sale process can seem complicated. It’s our job to make this process as straightforward as possible for our clients. But to give you an idea of the process and how a business sale lawyer in our M&A team can help, here’s a guide to the business sale process:
We recommend that you book an initial consultation. This will ensure that important dates, commercial and legal considerations are discussed as soon as possible. You can book a consultation here.
During the legal consultation, we will discuss the business you are selling, how it is structured, what assets / shareholdings are being sold and potential ongoing legal matters. We will also take the time to understand your goals and concerns.
We will provide our initial view on the business sale process
If the seller hasn’t already negotiated the general terms of the sale, our business sale lawyer can do this for you. A terms sheet will record the high level terms that the buyer and seller have agreed to. This terms sheet will later form the basis of the business sale agreement.
The terms sheet may also be written as a ‘letter of offer’ and it is important for it to contain strict non-disclosure obligations. Alternatively, we can draft a separate non-disclosure agreement. This will ensure that there are legal protections around the non-disclosure of information belonging to the seller and the business that is being sold.
The buyer is likely to want to carry out due diligence. This process involves gathering documents and adding them to a ‘data room’. This is generally a cloud-based drive that the seller can put documents into for the buyer (or the buyer’s lawyer) to access.
The information is likely to include financial statements, contracts (including customer and supplier contracts), licences, permits, leases, employment agreements, intellectual property rights, and details of any pending litigation or legal matters.
As the legal representative of the seller, we may also conduct our own due diligence of the buyer. For example, to ensure that the purchaser of the business is financially able to complete the business purchase transaction.
Your business sale lawyer will represent you negotiating the terms and conditions of the sale of the business with the buyer or their legal representatives.
Our M&A lawyers will focus on key aspects of the business sale agreement, including price, warranties, conditions-precedent to completion, indemnities, guarantees and any withholding amounts.
As the seller, you will be involved every step of the way. However, we will do the hard work for you and explain, in plain-English terms (without using complicated legal jargon) what information we need from you.
Once the business sale agreement has been negotiated and agreed, we will work with you to fulfil the conditions-precedent. Conditions-precedent may include obtaining landlord consent, the consent of shareholders or negotiating with other third parties.
Your business sale lawyer will prepare transfer documents, close out any employment matters, terminate or transfer contracts and any other legal services and advice to complete settlement of the business sale.
Once settlement is complete, your appointed business sale lawyer will ensure that any post-settlement obligations are met. This might include ensuring that any outstanding retention amount is paid to our client.
Once the sale agreement has been finalised and due diligence has been completed, settlement can occur. It will then be necessary to prepare for operating the new business after settlement. Our commercial lawyers help clients to prepare for this phase by:
Prosper Law has helped businesses across Australia to manage the legal side of the business sale.
Our services include:
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