Within any business sale, there are two key legal steps which can make or break a transaction. The first is preparing for legal diligence and determining if there are any deal breakers or hurdles which may impact a successful sale. The second step is to prepare extensive legal agreements for a transaction.
These stages can be very delicate, so getting the right legal services is an essential part of ensuring they go smoothly.
For advice on every stage of your business sale, get in touch with Nash Advisory.
Mergers and acquisitions law is a specialist and complex field of law which applies to transactions.
Transactions can take two different forms: a share sale or an asset sale. Both require specialised legal agreements that are drafted by the vendor's legal representative. In addition to the main sale agreement, there will frequently be more than ten other agreements or documents that will need to be prepared as part of the sale.
Get a better outcome from your business sale.
While there are some tasks and documents which can only be prepared by an experienced lawyer, there are many other benefits of having a good lawyer on your side during a business transaction.
Having a good law firm engaged early in the sale process should:
There are a limited number of firms in each major city which specialise in mergers and acquisitions law.
For example, the average suburban law firm that deals with property transactions, family law, and small legal matters is unlikely to have the experience or the depth of team necessary to work on a medium-sized business transaction.
Additional complexity of business transactions come from earnouts, deferred arrangements, or transactions where the vendor retains a shareholding for the long term.
The key things to look for in a good lawyer or law firm include:
At Nash Advisory, we work with many of the leading law firms who deal with mergers and acquisitions transactions in most major Australian cities. We can recommend suitable firms for your business transaction, or we can assist you in finding and assessing your own law firm.
As specialists in mergers and acquisitions, we can help you with every stage of your business transaction. From engaging a specialist law firm to preparing your business, we can provide guidance and advice every step of the way.
Find out how Nash Advisory can help you sell your business.