Buying or Selling an Existing Business | Stone Group Lawyers

WHEN ACCURACY

COUNTS

member of

$800M+

Commercial Transactions

100%

Client Satisfaction

experience

25+years

 Overview

Buying or Selling an Existing Business

Stone Group Lawyers has the experience and expertise to provide buyers and sellers of businesses of any size with astute practical guidance and advice. Franchising is a niche area of law, meaning there are many additional considerations when buying or selling a franchised business or a franchise system.

In the initial stages of the negotiation process, whether you be a buyer or a seller, it is important to have a solid understanding of your rights and obligations. The due diligence process can be overwhelming and it pays to have someone in your corner who can guide you and provide you with clear and concise advice as to what you need to know. Once an agreement has been reached, it is fundamental that the terms of such agreement are correctly documented, together with the legal mechanics to facilitate a smooth settlement and handover.

Stone Group Lawyers has the team to provide you with this guidance. Our team has acted in a wide range of franchise sale and purchase transactions and our experience and expertise aims to give you a smooth transaction and settlement.

 

Franchisees Buying or Selling

If you are a franchisee buying or selling an existing franchised business, we can assist by acting in all aspects of the transaction including:

  • Preparing, reviewing, advising on and negotiating business and asset sale contracts;
  • Providing business structuring advice to buyers about operating as sole traders, companies, trusts and partnerships;
  • Reviewing, advising on and negotiating franchise agreements for buyers;
  • Preparing, reviewing and advising on shareholders agreements, partnership agreements, joint venture agreements and buy-sell agreements;
  • Reviewing, advising on and negotiating franchise termination/surrender deeds for sellers;
  • Liaising with the landlord to transfer existing leases or to grant new leases, and then reviewing, advising on and negotiating the documents;
  • Assisting buyers in due diligence and giving stamp/transfer duty advice.

 

Franchisors Buying or Selling

If you are a franchisor wishing to sell your franchise system, or if you are looking to buy an established franchise system, we can assist by acting in all aspects of the transaction including:

  • Preparing, reviewing, advising on and negotiating sale contracts;
  • Advising on the disclosure and notification requirements to comply with the Franchising Code of Conduct;
  • Preparing, reviewing, advising on and negotiating the relevant documents to assign or novate franchise agreements;
  • Assisting buyers in due diligence and giving stamp/transfer duty advice.

Free Consultation

At Stone Group Lawyers we offer all clients for all areas of law a free initial consultation for up to
30 minutes. This consult can be over the phone, skype or in person.