Before selling your business you need to be clear on your objectives and the role you want to play in the business once the business is sold.
Obtaining Legal guidance from our Commercial Lawyers early in the sale process can assist in the clarification and definition of what is included and omitted from the sale. We can also assist in identifying the information that a perspective buyer will be seeking as part of the due diligence process which has the potential to reduce the time required to complete the sale.
A sale of a business can incorporate a wide range of assets including trademarks, property, machinery as well as licenses, leases and contracts with suppliers, staff and clients. As part of our process we work with you to create clarity around the various components of your business that you want to sell and the possible market value of the business.
Generally, the purchasers solicitor will prepare the sale contract, however, we can assist in preparing some special conditions that you can negotiate as part of the sale to ensure that certain aspects of the sale are in accordance with your wishes.