Business Agreement Services
A Sale of Business is conducted in a similar way to a sale of land; exchange of contracts followed by a period in which the purchaser makes enquiries and the vendor prepare for settlement, and ending in a settlement with Business Agreement using Commercial Law services.
Whether you are the vendor (seller) or purchaser (buyer) of the business we recommend using a legal contract to make sure you get what you pay for. This should list the relevant business assets being sold such as equipment, stock, leases and licences.
A well-written contract is prudent for practical reasons but also to help determine:
- Tax
- Duty (formerly called stamp duty)
- Intellectual property
- Transfer of employees.
Buying a Business
As the purchaser, you need to know you are getting good title to the components of the business. We can help you to fully understand the business agreement and any licence obligations and advise on what due diligence you should do within provisions of commercial law.
Call us on (02) 9199 0737 or send an email to cjm@cmalegal.com.au for assistance.