Business & Commercial Lawyers



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Buying and Selling a Business

Buying or selling a business can be one of the biggest financial transactions you will make in your lifetime. It is important to have a lawyer with experience on your side who can advise you in plain language and ensure a hassle free transaction.

WE CAN HELP

One Law have a team of expert business lawyers who can help guide you through the legal process to buying or selling a business.

It’s important to get legal advice as soon as you can so that you are provided with all the information you need to ensure that the transaction takes place smoothly and the contract is understood.

The steps below explain how we can help you.

We make it simple

Our business law team is here to help. We would love to hear from you. You can get in touch with one of our lawyers by completing the online enquiry form below or by calling us on free call 1800 ONE LAW (663 529).

1

Meet With Us

We will meet with you at a place and time convenient to you. We will discuss the transaction you would like to make, whether buying or selling a business. We will then go through with you the steps involved in making the transaction to ensure you understand the process.

2

The contract for sale/purchase and exchange

Arrange your finance if a purchase or your bank for a payout if it is a sale. Once instructed we will review the contract and advise on the terms to ensure that you understand them and negotiate any changes as required. Identical copies of the contracts are signed and dated by you and the seller/buyer and physically exchanged. A deposit is usually paid. It is at this time that the contract becomes binding.

3

Before settlement preparation and procedures

Promptly arrange/cancel your business insurance. Complete your finance documents and return them to your financier.

4

Day of settlement exchange of documents and cheques

If at any time you have any concerns about the transaction, advise us immediately. Settlement will involve the exchange of money in place of confirmation of ownership of the business (the contract). Ensure you can be contacted easily for any last minute questions we may have and wait for us to contact you to confirm that settlement has occurred.

5

Post settlement procedures and notifications

Review our final letter of advice and confirmation of settlement. It is time to notify the clients of the business of the change of ownership. We will notify relevant organisations that you are the new owner of the business.

Do you need to speak to a lawyer?

Call us on our free advice line or leave your details and we'll call you back.


Phone

1800 663 529