Buying a business is a major transaction and should not be considered lightly. Many factors need to be taken into account including evaluating the business, understanding the vendors' reasons for selling and the suitability of the business to you. You need to ensure all relevant paper work is reviewed. But if it is not handled correctly, it can lead to financial losses and hardship thereafter.

Let one of our experienced lawyers check all the paper work and advise you on the following:

•  The purchase contract

•  Franchise agreement

•  The purchase price

•  Goodwill

•  Inventory

•  Licence needed

•  Transfer of the current lease

•  Current employees of the business

•  Assets of the business under finance

•  Liabilities of the business

•  If the seller of the business is bankrupt

•  Government regulations have been complied with

For specific advice on preparing a sale of business agreement or purchasing a busines contact us.