Selling A Business

  • Overview & Examples
  • What You Need To Know
  • Specialising Lawyers
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Overview

Selling a Business

Selling a business can be a complex process and depending on the nature of the business and its industry, there may be a range of legal issues or regulations which need to be taken into account during the sale process.

The transfer of business ownership is a transaction that both purchasers and sellers will want to ensure is performed correctly. As such, seeking the legal guidance of a licensed commercial lawyer is highly recommended to avoid unnecessary disputes or financial losses.

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What You Need To Know

Why Do You Need Brydens Lawyers When Selling A Business?

If you are selling a business, it is important to seek legal advice to protect your legal interests.

Brydens Lawyers have extensive experience in business purchases and sales and can provide comprehensive advice throughout the sale process. From reviewing Heads of Agreement, participating in negotiations, drafting sale of business contracts and overseeing the matter to its completion our team of commercial lawyers has the expertise to manage all legal work involved in the selling of your business.

Whether you are a small business owner or the leader of a larger company, we understand that each business type and industry has unique needs and requirements. Notably, smaller businesses may not have the same access to a corporate lawyer that larger companies do, making the assistance of a third-party commercial lawyer invaluable in these instances.

Brydens Lawyers offers a tailored service that ensures your business name, assets, intellectual property and interests are safeguarded throughout the sale.


Why Are Brydens Lawyers The Right Representation For You?  

Brydens Lawyers are highly experienced in business sales and leases. Our Commercial Team can assist you in protecting your liabilities and ensuring your documentation is tailored to your needs. Brydens Lawyers have lawyers who not only understand the law but have the ability to think commercially. We add value to you through our experience and negotiation skills.

Our comprehensive service is designed to support businesses of all sizes and industries. We have assisted countless clients through our detailed understanding of commercial law, from small businesses to larger companies, in successfully navigating the complexities of business sales. Our approach ensures that every example of our legal service is characterised by thorough preparation and a commitment to achieving the best possible outcome for our clients.


What Will Brydens Lawyers Organise For You?  

Brydens Lawyers will complete all aspects of the sale of business transactions, including:

  • Drafting or advising on the contract for the sale of the business.

  • Participating in negotiations and ensuring the contract accurately represents your intentions and requirements while limiting any unnecessary exposure to risk.

  • Carrying out due diligence and providing risk management advice.

  • Providing advice to directors as to their responsibilities pursuant to the Corporations Act 2001.

  • Providing business structure advice.

  • Providing leasing advice and draft leases, as well as the assignment of leases.

  • Drafting bespoke deeds relevant to the transaction as required.

  • Reviewing and providing advice in relation to employment agreements.

  • Reviewing and providing advice in relation to supplier and service provider agreements.

  • Providing tax advice, including GST and CGT and the importance of leasing and price apportionment pertaining to those issues.

  • Exchanging contracts and attendance at settlement.

  • Providing liquor licensing advice, applications and transfers.

  • Advising on drafting and negotiating business contracts for supply, licensing, distribution, intellectual property and joint ventures.

Our commercial law expertise enables us to provide pivotal advice on the protection of assets and risk management. Brydens Lawyers offers strategic advice and skilled negotiations whilst the sale process is carried out, ensuring you understand precisely what is agreed upon.


When Should You Consult Brydens Lawyers?

Seeking professional legal advice at the earliest stages of selling your business can significantly improve the success and smoothness of the transaction. Brydens Lawyers offers an expert team that spans across various sectors, ensuring that your specific needs are met. From preliminary considerations such as valuing your business and understanding the market to navigating complex legal requirements and finalising the sale, Brydens Lawyers is here to assist through every part of the process.

Early engagement with our team can help preempt potential challenges, streamline the sales process, and safeguard your legal and financial interests, making the transition as beneficial as possible for all parties involved.


What Is Your Next Step?

Contact Brydens Lawyers to arrange a consultation with our representatives to discuss the sale of your business. Our team is ready to assist with every aspect of the sale, from initial advice to finalising the transaction, ensuring that your interests are protected and your business transitions smoothly to its new owner.

Testimonials

Omar Khan of Brydens Lawyers resolved everything quickly and looked out for my interests every step of the way. I’m very satisfied with how things played out and will definitely be contacting them if I need help again.

Paul M, a client of our Commercial division

I cannot say enough of my lawyers Omar- he listened and gave simple answers so I could understand. Most importantly, he showed empathy when I was distressed.

Lisa O, a client of our Commercial division

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