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Close your business sale on time!
Whether you are buying or selling a business, you want completion to occur on time and without undue delay, so that, as the seller, you get your money and, as buyer, you can start running your new business. Achieving that is uppermost in the minds of every lawyer at MIA Contract Lawyers.
The job involves the following when buying or selling an SME:
Preparing a Terms Sheet
Preparing a Sale of Business Agreement or reviewing one prepared by the counterparty
Negotiating the terms of sale
Addressing leasing issues
Arranging or reviewing the information disclosure required by law
Unless you’ve been involved in a number of business sales, it can be scary. It is a very procedural undertaking, requiring pretty tight project management skills and attention to detail; otherwise, completion will be delayed.
In almost all sales of business, agreeing on the warranties proves contentious. These warranties are the guarantees on the standards and features of the assets you are buying. Get that wrong and you don’t get what want. As a seller, get that wrong and you could find yourself financially liable where you neither intended, nor where it is commercially reasonable to be liable.
As the APAC Contracting and Contract Negotiation Firm of the Year, MIA Contract Lawyers ensures this does not happen without threatening the deal by threatening the relationship in protracted and unpleasant negotiations.