Buying a business involves negotiating more than just the purchase price. You and the seller will have your own interests which do not always align.
For instance, the seller may want to reduce their liability by limiting the promises they make about the business, such as the quality of the equipment included in the sale. You as the buyer need to ensure you are protected by including these promises in the contract.
This guide identifies the most important terms you need to negotiate with the seller, to ensure you are protected legally when purchasing a business. The guide includes:
If you need legal assistance with purchasing your business, LegalVision’s experienced commercial lawyers can help. Call us on 1300 544 755 today.
For instance, the seller may want to reduce their liability by limiting the promises they make about the business, such as the quality of the equipment included in the sale. You as the buyer need to ensure you are protected by including these promises in the contract.
This guide identifies the most important terms you need to negotiate with the seller, to ensure you are protected legally when purchasing a business. The guide includes:
- when to undertake negotiations;
- the difference between a Heads of Agreement and Sale of Business Agreement;
- key terms you should negotiate;
- a final checklist; and
- signing the contract.
If you need legal assistance with purchasing your business, LegalVision’s experienced commercial lawyers can help. Call us on 1300 544 755 today.
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