Succession Planning for Generations

The sale/purchase of a business is a complex transaction which requires the presence of a legal counsel who will act as your consultant and legal representative in the process. The scope of the legal professional’s work goes way beyond drafting a sale of business contract. Here at Leyden Legal, we’ll support you through the preliminary negotiations, ensure your requirements are properly organised and presented to the other party, and that your requirements are met at the closing.

Do I need a lawyer to draft a sale of business contract?

It is highly recommended to hire a legal professional to carry out the documentation and handle the negotiations instead of you. A lawyer who specialises in drafting the sale of business contract has the knowledge and necessary experience to guide you responsibly through the process, helping you make the right decisions that will be in your best interest. 

Hiring a professional means that you will have a second pair of eyes to go through the official documentation and aid in minimising taxes and potential liability issues, which are commonly the biggest concerns you may have when you are looking to structure an official business sale deal. Business acquisition contract should also be read by your legal representative to make sure that there are no loopholes that might place you in an unfair position during the process of sale or at any point in the future.

What we can do for you

How the sale of your business will play out depends on a number of factors, including the size of the company, value, yours and buyer’s specific requirements, specific state regulations, and more. For this reason, our legal professionals who specialise in the sale of business and similar matters know that each case requires a personalised approach.

However, in the majority of cases, the sale of business involves the following steps and Leyden Legal services include legal help through the entire process:
  • Preliminary negotiations - We officially evaluate your business or assets by reviewing the finances, as well as help you answer all questions which are posed at this stage: will the key employees be retained, is the shareholder or board’s approval required, are government documents required, how long will the deal be kept open, etc.
  • Drafting the sale of business contract - We draft an official sale/business acquisition contract to contain details such as the price, specific terms, time of asset transfer, and other important details. 
  • Closing - Closing is the most paper-intensive part of the process. Leyden Legal will go through the documentation and the sale of business contract to make sure everything is signed and notarized, as well as that all is conducted in accordance with the terms and conditions of the agreement.

​Get in touch with Leyden Legal

Ready to take the next step? Contact Leyden Legal right away to talk and agree on the best date to meet in person!

 

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