It can be a difficult decision to sell your business. After investing time and energy into your business, the sale proceeds should reward your efforts. A lawyer can help you make it happen and assist you in getting you the best outcome possible.
When buying a business, attention to detail can make all the difference. A lawyer can conduct property and register searches, and attend to matters of due diligence on your behalf. A lawyer will also advise as to options, consequences, and structures. This will help ensure your legal interests are protected.
A contract for the sale of business should be prepared. Additional documents will depend on your circumstances and the details of your business. It is common to review and draft shareholders agreements, employment contracts, general commercial agreements, agency agreements, distribution agreements, and confidentiality and non-disclosure agreements.
While you can engage a lawyer at any stage, it is best to engage a lawyer before you enter into negotiations. This is because a lawyer can help guide negotiations forward in a way that protects your interests.
Even if you have already commenced negotiations, a lawyer can assist with drafting or reviewing contracts to ensure that your rights are protected and all parties understand their obligations.