BUSINESS CONVEYANCING
If you are buying or selling a business, GM Lawyers is able to attend to a  range of important issues from contract preparation to ensuring that all necessary steps are taken to enable a valid transfer of the business assets.  In drafting a contract, there are a multitude of considerations and the rights of the buyer and seller have to be thoroughly spelt out. For instance -   

  • are staff going or staying, and if they are staying who has the responsibility for any leave or other entitlements they may possess.
     

  • What rights does the buyer have to satisfy themselves as to the financial viability of the lease.
     

  • What obligation does the seller have to obtain the Landlord’s consent to the sale of the business.
     

  • What is the agreement of the parties in relation to the treatment of creditors, debtors, GST.
     

  • Does the buyer pay extra for stock.
     

  • How is the purchase price apportioned between inventory, stock, goodwill etc.
     

  • What is the seller’s future exposure to the Landlord if the buyer doesn’t fulfil their obligations under the lease.

These are only a handful of a many  considerations, all of which GM Lawyers is able to address on your behalf.

For more information on the services we provide, please email us or call us on 07 3286 5711 for an obligation free quote, and we can provide a more in depth explanation of the service we provide. You can also schedule an appointment at our Woolloongabba office  by telephoning Mark McAvoy on 38440188.

 

 


Cleveland and Woolloongabba  - Telephone 07 3286 5711

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