Ready to buy or sell your dream business?
Before you dive in head first, there are important steps you should take to protect your interests. A Business Sale Contract is a must-have to clearly define the terms of your agreement in black and white. You need to make sure both parties are on the same page and there are no inconsistencies which could throw a spanner in the works further down the track!
What You Get
How do I know what is included in the sale?
A Business Sale contract covers everything that is included in the sale of a business. This includes the purchase price, the full list of assets which are included, intellectual property and other important inclusions. The contract will also cover relevant warranties, a restraint clause, existing leases and/or liabilities and things like training after handover. Basically, anything relevant to the sale of the business should be covered by the contract. If it’s not in the contract, bad luck!
Frequently Asked Questions
A Business Sale Contract is a legal document which sets out the terms of sale clearly. The contract is used to transfer the assets of the business from the seller to the buyer for an agreed purchase price.
A Business Sale Contract covers all of the important conditions of the sale, including things like stock, training, employees, superannuation, contracts and equipment. It also includes warranties and guarantees, restraint, confidentiality and dispute resolution.
Every situation is different, which is why you need expert advice from a commercial lawyer. We’re small business specialists, so you know you’re in safe hands with us.
We’ll consider your unique situation and let you know if we think this is right for your business.
Our head office is at Inspire Cowork – a coworking space in Sydney – but we also support flexible work for our team. Our lawyers can work from anywhere.
We use technology to come to you, wherever you’re located around Australia. Many of our clients work from home or at coworking spaces, just like us.
We communicate with our clients via phone, email and Zoom – whatever works best for you. There’s no need to meet face to face, but if you’re ever in the area you’re welcome to drop in!
Generally it takes around 2 weeks to complete a drafting project from start to finish. If you have asked us to prepare more than one document, we’ll try to complete them at the same time to speed things up.
If something is urgent or you are working to a deadline, please let us know ahead of time and we will do our best to meet your timeline.