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M&A Lawyers – Business Sale and
Purchase Legal Services

At Prosper Law, we provide legal support for clients navigating the complexities of mergers and acquisitions (M&A). Our experienced m&a lawyers understand that whether you are buying an established business or selling your own, these transactions are moments that require skilled legal advice.

Our experienced M&A lawyers bring clarity and confidence to the process, helping you understand key considerations and manage challenges that arise during business purchases and sales. We work closely with our clients to ensure the transaction process is thorough, compliant, and seamless. From commercial lease agreements and intellectual property to contracts, equipment, and inventory, our team meticulously handles all legal aspects to protect your interests and provide certainty.

Our M&A legal services are designed to deliver the guidance and hands-on support you need to make every business transaction a successful and rewarding experience. Contact us now.

Contact us for a free consultation

Our M&A Legal Services

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Due Diligence

Our mergers and acquisitions attorneys conduct comprehensive due diligence to assess the legal and operational health of the business. This critical process involves thorough examination of all business aspects to ensure informed decision-making.

  • For Buyers: We identify risks or liabilities associated with assets, contracts, employees, or outstanding obligations you’re acquiring. Our m&a attorney team ensures you understand exactly what you're purchasing and any potential legal challenges.
  • For Sellers: We prepare essential documentation and disclosures, ensuring transparency and compliance. Our m and a lawyers assist with preparing comprehensive business records for buyer review.

With Prosper Law, you gain an in-depth understanding of the business’s true value, enabling you to make informed, strategic decisions. Our mergers and acquisitions law expertise ensures no detail is overlooked during this crucial phase.

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Contract Drafting and Review

We draft and review contracts that provide strong legal protection and clarity in every M&A transaction.

Our merger and acquisition lawyers ensure that sale and purchase agreements are tailored to safeguard your interests, including:

By addressing critical items such as payment terms and post-sale responsibilities, we create agreements that minimise risks and secure the value of your transaction. Our experience in m&a deals experience ensures comprehensive protection for all parties involved.

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Negotiation Support

Effective negotiation is at the heart of any successful M&A transaction. Our m and a law firm provide strategic support during negotiations to secure favourable terms and address critical issues, including:

  • pricing and valuation
  • indemnities
  • transitional support
  • payment terms and m&a legal advice structures

We advocate for your interests to create commercially sound transactions that align with your business goals, whether you’re buying or selling. Get in touch.

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Post-Sale Integration Support

Following the completion of your transaction, we provide support for a smooth transition. Our m&a contracts solicitor team ensures seamless handover processes.

  • For Buyers: We assist with integration planning to ensure the acquired business aligns seamlessly with your existing operations. This includes employment law compliance and operational integration.
  • For Sellers: We help manage post-sale obligations to ensure a clear handover. Our legal counsel provides ongoing support as needed.

Our goal is to provide continuity and stability, supporting a successful transition for all parties involved.

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Employment Law and Workforce Transition

M&A transactions often involve transitioning employees from one business to another. This can be a complex process under Australian employment law.

We assist clients with workforce transition issues, including:

Our employment lawyers ensure that workforce-related aspects are handled legally and efficiently, protecting employee rights while minimising potential disruptions.

Why Choose Prosper Law?

Extensive Experience in M&A Transactions

Prosper Law has a proven track record of managing complex M&A transactions, including acquisitions and business sales. Our M&A lawyers have years of experience advising clients through high-stakes deals and understand the nuances of both small-scale and large-scale transactions.

Whether you're a first-time buyer or a seasoned seller, we leverage our experience to provide practical advice and streamline the transaction process. Our m&a lawyer team will work with you to mitigate potential risks and ensure your goals are met with precision.

Tailored Approach

At Prosper Law, we understand that every M&A transaction is unique. Our approach is always customised to align with each client’s specific objectives and challenges. We recognise that m and a law requirements vary significantly between transactions.

We invest time in understanding your business goals, the risks you're willing to take, and the value you seek to gain. Our mergers and acquisitions attorneys create personalised strategies that reflect your individual circumstances and commercial objectives.

By offering personalised services and creating strategies that reflect your individual circumstances, we ensure that every step of the transaction supports your long-term success and commercial vision.

Fixed Legal Fees for M&A Services

Our M&A legal services are offered on a fixed fee basis. This means our clients know exactly how much they will pay for our services upfront. We pride ourselves on providing a positive client experience by eliminating unexpected legal bills.

Our m and a lawyers believe in transparent pricing that allows you to budget effectively for your transaction.

This approach ensures you can focus on your business objectives whilst knowing your legal costs are controlled and predictable throughout the mergers and acquisitions law process.

Meet the Team

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Farrah Motley

Director

Farrah has worked on significant business sale and purchase transactions. She works closely with clients to align commercial objectives and get ahead of the deal. Her expertise in merger and acquisition law matters ensures comprehensive transaction support.

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Brooke Ferris

Senior Lawyer

Brooke is a Senior Lawyer. A registered solicitor with the High Court of Australia, Brooke has a remarkable track record of skilled negotiating and drafting complex agreements.

What our clients say

Frequently Asked Questions

What is the process for selling a business?

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:

Step 1 – Book a consultation with a business sale lawyer

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 and outline how our mergers and acquisitions attorneys can assist you throughout the transaction.

Step 2 – Prepare a terms sheet for the sale of the business

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. Our expertise in mergers and acquisitions law ensures all documentation is properly prepared.

Step 3 – Prepare and gather information for due diligence

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. Our merger and acquisition lawyer team manages this process efficiently.

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. Our m & a lawyer expertise ensures thorough investigation of all parties.

Step 4 – Preparing and negotiating the business purchase agreement

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 experienced m&a deals team focuses on securing the best possible outcome for our clients.

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. Our m and a law firm prides itself on clear communication.

Step 5 – Meeting the conditions-precedent

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.

Our team coordinates with all relevant parties to ensure smooth completion of these requirements. Get in touch if you need assistance with specific conditions-precedent.

Step 6 – completion of the sale of the business

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. Our m&a contracts solicitor team manages all aspects of completion.

Step 7 – legal services after completion of settlement

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. Contact us for more information.

How can your M&A lawyers help with completion?

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:

  • advising on post-settlement restraint of trade clauses
  • providing legal advice on stamp duty requirements for the business purchase
  • checking that settlement conditions have been complied with
  • finalising lease documents and other contracts
  • working with the seller’s solicitors to transfer business names, company registrations, domain names and trade mark registrations
  • providing advice on employee redundancies and entitlements for transferring employees

Our merger and acquisition lawyer team ensures that all post-completion requirements are handled professionally and efficiently. Understanding m&a deals is essential for smooth post-completion transitions.

What do your M&A legal services cover?

Prosper Law has helped businesses across Australia to manage the legal side of the business sale.

Our experienced m & a lawyer team provides comprehensive services including:

  • drafting asset sale agreements – organising and attending to settlement
  • drafting share sale agreements – advising on appropriate preconditions to settlement
  • negotiating business sale contracts with buyers and their solicitors – advising on post-sale restraint of trade clauses
  • advising on stamp duty requirements – advising on the difference between an asset and share sale
  • advising on put and call options – identifying whether regulatory consents are required
  • drafting terms sheets and heads of agreement – preparing shareholder consents and side deeds
  • preparing comprehensive business sales non-disclosure agreements – assisting with disclosure to meet the buyer’s due diligence requirements
  • attending to employment and industrial relations – obtaining landlord consents
  • mergers and acquisitions – transferring business, company and domain names
  • advising on employee redundancies and entitlements – facilitating transfer of deposit and settlement funds

What is the process for buying a business?

Step 1 – Initial Consultation with our Commercial Lawyers

Schedule an initial consultation with our experienced business contract lawyers. During this meeting, we will take steps to understand the business and your timeline. Our m and a lawyers provide comprehensive advice from the outset.

We will then prepare a fixed fee quote and advise you of our recommended strategy for your business purchase.

Step 2 – Negotiating the Business Purchase Agreement

Our experienced M&A lawyers draft, review and negotiate business purchase agreements and share purchase 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 buyers fully understand the terms of the business purchase contract. This enables buyers to make informed decisions.

Step 3 – Comprehensive Due Diligence

At Prosper Law, we provide our clients with a comprehensive understanding of business acquisition documents and the purchase process. We conduct due diligence and will prepare a due diligence report that sets out our analysis of:

  • procurement and sales contracts
  • company documents
  • employment records
  • potential legal issues and outstanding legal claims
  • business-critical systems, including technology and software licences

Our due diligence will also:

  • verify the banking arrangements of the seller and the value of the business or shares
  • review leasing arrangement and draft assignments of lease, as well as conduct title searches
  • conduct searches on the personal properties securities register
  • verify the ownership of the business or shareholding, as well as the key assets you are purchasing

Step 4 – Fulfilling Pre-Completion Conditions

Our business purchase lawyers will monitor and confirm that pre-completion conditions have been satisfied by the seller. This may involve ensuring the seller has obtained consent from landlords, shareholders, or other relevant parties. Our m & a lawyer team coordinates all aspects of pre-completion requirements.

An inventory or stock audit, or a valuation, may also need to be carried out. The type of business being bought determines whether this may be necessary. Our experience with m&a deals ensures all requirements are properly managed.

Step 5 – Effecting settlement of the business purchase

At settlement, our dedicated team of M&A lawyers will work with the seller’s solicitors to facilitate the smooth transfer of contracts and assets.

We will confirm the settlement statement and confirm payment instructions with the seller’s legal representatives.

Step 6 – Post-completion legal services

Our team of M&A lawyers can provide post-completion legal advice after the settlement of the business purchase.

We will provide legal assistance if the seller has breached the warranties in the share or business purchase contract. Alternatively, a business buyer may wish to recover against any security or retention.

What do your diligence services include?

Our due diligence services include comprehensive investigation by our experienced m and a lawyers:

  • reading business contracts, supplier contracts and other important contracts
  • assessing regulatory requirements and any limitations that may apply
  • confirming employee entitlements, long service leave and other employment and industrial relations matters
  • reviewing intellectual property (including trade marks and design rights), confidential information and other intangible property
  • identify outstanding debts, PPS registrations, or charges that require release or payment

Our mergers and acquisitions attorneys ensure that all aspects of due diligence are covered comprehensively.

How can your M&A lawyers help with completion?

After settlement

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 m & a lawyers help clients to prepare for this phase by:

  • advising on post-settlement restraint of trade clauses
  • providing legal advice on stamp duty requirements for the business purchase
  • checking that settlement conditions have been complied with
  • finalising lease documents and other contracts
  • working with the seller’s solicitors to transfer business names, company registrations, domain names and trade mark registrations
  • providing advice on employee redundancies and entitlements for transferring employees

Our m & a lawyer expertise ensures that all post-completion requirements are handled professionally. Whether you need assistance with integration planning or ongoing compliance, our m and a law firm is here to help.

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