Szabo & Associates’ business lawyers (Sydney, NSW) can provide assistance for a range of legal matters related to the sale of business and purchase of business in NSW, including:
• Preparing the contract for sale of business
• Assignment and transfer of the lease of premises during the sale or purchase of a business transaction
• Drafting commercial agreements (e.g. joint ventures and partnerships)
• Advice on the protection of commercial assets
• Lending agreements
Selling a Business
Szabo & Associates Solicitors can assist in the sale of business by drafting the 'contract for sale of business' and advise on all components legally required to be included in the contract of sale (including special conditions).
When you are selling a business, your business lawyer will assist you with transferring all ownership of the rights, responsibilities and assets of the business. It is imperative to identify these components, in order to ensure the contract for sale of business includes them all correctly, to avoid any issues arising at a later stage. These can include:
• The business name, licences (including the transferral of liquor licenses), trademarks, patents and goodwill
• Business premises (e.g. you may need to transfer a retail, commercial or industrial lease or require conveyancing to transfer ownership)
• The business' fixed assets, equipment and stock
• Employment contracts (if there are current employees)
• Any supplier agreements and current invoices/orders
• Information about the business' debtors and financial structure, including taxation
Contact Szabo & Associates
Contact us now and speak to one of our experienced business lawyers about the sale of business or purchase of business in Sydney and New South Wales on 02 9281 5088 or book a consultation.