Gather Information
The process of buying or selling a business begins with a thorough review and collection of relevant details. Our Melbourne-based business transaction lawyers assist you in gathering essential information, such as:
- Contracts, agreements, and warranties tied to the business;
- Financial records, including due diligence reports;
- Relevantcorrespondenceandtransactioncommunications; and
- Details of any disputes, breaches, or misrepresentations that may affect the transaction.
This ensures a comprehensive understanding of the business and prepares the groundwork for a smooth transaction process.
Strategic Planning
Once the necessary information has been collected, we evaluate the details and provide tailored advice under applicable Victorian laws to develop a strategy that could involve:
- Identifying obligations and compliance issues under any contractual warranties, indemnities, or other agreements;
- Assessingavailableremedies, suchasrenegotiation, compensationformisrepresentations, oramendmentstoexistingcontracts; and
- Advising on and managing methods for addressing disagreements or challenges through negotiation or other mechanisms.
Our approach prioritises your business objectives while mitigating risks and potential costs.
Completing the Transaction
Successfully completing the sale or purchase of a business often requires a structured approach. Our Melbourne-based team can guide and assist you in areas such as:
- Negotiating the terms of the transaction with the other party;
- Drafting or reviewing sale agreements, disclosure documents, or guarantee provisions;
- Addressingandresolvinganypre-existingdisputesortransactionalissuesthatemergeduringnegotiations; and
- Ensuring all transactional documents comply with Victorian and Australian laws.
Throughout this process, our focus remains on protecting your interests and ensuring the transaction is properly executed.
Post-Completion and Ongoing Support
After finalising the transaction, you may require assistance with post-sale obligations or adjustments. Our dedicated team provides ongoing support to help you navigate issues such as:
- Transitional obligations set out in the transaction agreements;
- Compliance with any relevant regulatory or statutory requirements under Australian law; and
- Resolving any operational or legal matters that arise following the sale or purchase of the business.
We are committed to facilitating a seamless transition and ensuring that all post-completion requirements are met in a compliant and efficient manner.