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Need legal help buying or selling a business?

Navigating the complexities of buying or selling a business requires expert legal assistance to safeguard interests and ensure compliance with all relevant laws.

Rise Legal can provide invaluable support in understanding the intricacies of contracts, conducting thorough due diligence, and mitigating potential risks. Engaging a lawyer helps in identifying hidden liabilities, reviewing favorable terms, and smoothly transitioning ownership, making the process less daunting and more efficient. We have offices located in Perth, Sydney and the Gold Coast, servicing businesses Australia-wide.

We can help with all aspects of your business sale or purchase

We draw on our experience in business sale transactions across a broad range of industries to advise our clients on issues ranging from due diligence and property matters to leasing and restraints upon competition. Based in Gold Coast, Perth and Sydney, we service businesses Australia-wide.

As your business lawyers, we’ll help and advise you through each of the important issues that arise in buying or selling your business, including:

  • ZBusiness Sales Agreements
  • ZShare Sale Agreements
  • ZFranchise Businesses
  • ZAssignment of Lease
  • ZRegister (PPSR)
  • ZBusiness Structuring
  • ZLease Reviews
  • ZIntellectual Property
  • ZWarranties
  • ZDue Diligence
  • ZRestraints of Trade
  • ZPersonal Property Securities

Buying A Business

The process of buying a business involves several key stages, starting with due diligence to assess the business’s value, liabilities, and potential risks. Buying a business can be broken down into 5 key stages:

  1. Choosing the right business to buy
  2. Completing due-diligence
  3. Negotiating the terms of the contract
  4. The contract stage
  5. Settlement

Full details of what happens during each of these stages can be found in the following resource: How to successfully Buy a Business

Legal guidance is crucial during contract negotiation to ensure the terms are fair and protect the buyer’s interests. Finalisation involves navigating regulatory requirements and ensuring all legalities are addressed, highlighting the importance of understanding contracts, liabilities, and compliance with relevant laws.

business transaction in australia
australian business owner with tablet selling their business

Selling A Business

Selling a business includes steps to making the business attractive to buyers. Legal aspects play a significant role, including drafting contracts, ensuring regulatory compliance, and managing liabilities. The final stages involve transferring ownership and addressing post-sale considerations, underlining the need for expert legal guidance to navigate these complexities.

Selling a business can be broken down into 3 main stages:

  1. Getting your business ready for sale
  2. Contract stage
  3. Settlement stage

Full details of what happens during each of these selling a business stages can be found in the following resource: Three stages to Selling a Business

Business Transactions We Help With

Business transactions can be complex. Whether you’re buying or selling a business, we have the legal skills and experience to guide you every step of the way. We’ll help you identify and understand the key issues that need to be considered, and we have the experience to ensure all technical legal issues are addressed throughout the transaction.

We take the time to listen to you and get to know your specific business needs, and we document the transaction in a clear and effective manner to ensure your interests are protected.

Some areas we have years of experience helping include:

Franchise Businesses

  • Buying a new franchise business 
  • Taking a transfer of an existing franchise business 
  • Selling your franchise business 
  • Franchise review and advice

Franchise Law >>

Property Matters

  • Securing a transfer of lease  
  • Reviewing and negotiating a new lease agreement 
  • Granting of licence 
  • Investigating and identifying uses to which the business premises may be put 
  • Purchasing of commercial premises 
  • Completing property due diligence

Business Structuring

  • Shareholders 
  • Partnerships 
  • Unit holders 
  • Joint ventures

Business Structuring >>

Business Sale Agreements

  • Purchase or sale of assets
  • Purchase or sale of shares or units
  • Review or preparation of the Business Sale Agreement
  • Negotiating the required contracts and documents
  • Assignment of lease
  • Drafting any special conditions
  • Heads of Agreement/Letter of Offer
  • Fixtures and fittings/plant & equipment
  • Ensuring all relevant assets are transferred
  • Transferring of employees
  • Key customer and supplier agreements
  • Checking for business debts on the PPSR

Business contracts are legally binding agreements that define the terms and obligations of a business deal or agreement, so it’s important to get them right. 

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