Commercial Real Estate
Buying and selling businesses & franchises in NSW
It is essential when you are looking to either buy or sell a business or a franchise, that the agreement reached with the other party be formalized in a contact or an agreement.
It is also importat to seek legal advice to ensure that the entire understanding of the agreement is fully documented.
All contracts and agreements are legally binding documents once signed - the majority of disputes that occur with contracts is due to the lack of understanding or the mis-interpretation of those agreements.
If you are planning to purchase a business or put one on the market, there are important factors to be considered including;
Consideration of tax issues and whether the proposed sale / purchase including whether the business is to be sold as a 'going concern' (that the business has continuing viabillity.)
Whether there are leased premises which the business operates from which will need to be signed to the purchaser which would most often require consent of the landlord
The treatment of current employees of the business and their entitlements
Whether there is any finance over particular assets of the business
The treatment of outstanding creditors and debtors
The treatment of the intellectual property of the business including the business name, phone numbers, website ect.
If there is to be any restraint of
trade imposed on the outgoing owners of the business.
Buying a Business or Franchise?
Check out our useful resources to help your new business become a resounding success.
Starting A Business- popular government resources are a powerful toolkit of ideas, checklists & videos to get you started, build your business & profitably run it.
Business Planning templates to help you plan & give your business direction.
Franchising - For information and education about franchising to existing and potential franchisees and franchisors.
For Commercial Law Help:
- Learn more- read articles, resources & FAQ's
- Call us on 1800 647 023
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- Let our friendly team help you with your commercial law matter.
Cox West Lawyers have offices locations looking after the Greater Western Sydney Region.
Our Penrith and Wollongong office locations allows us to offer expert advice to clients from an area spanning the Blue Mountains and Hawkesbury region right through the rapidly expanding Norwest and Blacktown district down to Wollongong and the Illawarra Region.