Commercial Services

How can we help you on the sale of your business?

Selling a business involves more than agreeing on price. The transaction may require a sale of business contract, negotiation of special conditions, transfer of leases, employee arrangements, supplier contracts, intellectual property, business names, licences and settlement adjustments. Our Sydney commercial lawyers assist vendors through the legal steps involved in preparing and completing a business sale.

  • Preparing and reviewing the sale of business contract
  • Negotiating price, deposit, completion, warranties and special conditions
  • Managing supplier, customer and key business contract issues
  • Dealing with employee and contractor transfer issues
  • Coordinating lease assignment or landlord consent requirements
  • Recording intellectual property, business name and asset transfer arrangements

Our experienced negotiators work diligently to protect your interests and secure strong commercial terms, including purchase price, payment timing, transition arrangements and any necessary restraint, confidentiality or non-disclosure provisions.

How can we help you in drafting a sale of business contract?

A business sale agreement is the central legal document for the transaction. It should clearly identify what is being sold, what is excluded, when completion occurs, what conditions must be satisfied and what happens if a party does not comply. Our Sydney commercial lawyers can prepare, review and negotiate sale of business contracts that deal with:

  • Correctly identifying the Parties
  • Assets included as part of the sale
  • Included and excluded liabilities
  • Special conditions
  • Restraint of trade provisions

Medical and allied health practice sales may also require attention to lease assignment, landlord consent, equipment, goodwill, supplier contracts, staff arrangements and restraint terms. Health, privacy, Medicare, advertising, patient-record, tax, accounting, finance and valuation issues may need separate advisers alongside the sale contract process. For more premises-focused context, see our Legal Guide on leasing or buying medical practice premises in NSW.

We can also assist with related issues such as commercial contracts, commercial leasing, purchase of business, employment law and commercial disputes that may arise before or after completion.

If you are considering selling your business, contact us to speak with a Sydney business sale lawyer about the contract, negotiation and settlement steps.

Sale and Purchase of Business

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