Business
Whether you are starting a new business, planning to buy or sell a business or experiencing commercial disputes, our team of business solicitors can help. We have solid knowledge of the Australian business laws and sound experience across many different industries. We offer practical legal solutions to individuals, small businesses and SMEs.
Our team of business lawyers offer the following legal services for business:
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Business structures: If you are establishing a new business enterprise we can help you make sure that you are setting the business up soundly, whether by partnership, joint venture, company, trust or franchise. If you’re looking to restructure your business we can help with partnership dissolutions and corporate restructures.
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Business contracts: Our commercial lawyers can prepare or review all types of legal contracts including purchase or sale of business, franchise agreements, supply agreements, service agreements, distribution agreements, partnership agreements, commercial contracts. We’ll make sure that the contract terms and conditions are suitable for your business now and into the future and ensure that due diligence standards are met.
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Buy and Sell Businesses: We provide essential support to individuals or entities engaged in purchasing and selling businesses or assets. These services include conducting due diligence to assess value and risks, drafting and reviewing sale agreements, and advising on regulatory compliance. Additionally, we assist with negotiating transaction terms, handling financing arrangements, and ensuring proper transfer of ownership.
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Commercial Lease Draft/Review: We focus on preparing, analyzing, and negotiating lease agreements for commercial properties. While we help landlords and tenants by drafting clear and compliant leases, reviewing existing agreements for potential issues, and negotiating key terms such as rent and maintenance responsibilities, we aim to protect clients' interests, mitigate risks, and prevent disputes, ensuring a smoother leasing process for all parties involved.
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Franchises: If you’re looking to buy into a franchise we can help you go through the franchise agreement and franchisor disclosure documents to make sure that you are aware of all of the issues that could make or break your new business.
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Distribution and Supply Agreements Draft/Review: we focus on creating and evaluating contracts between suppliers and distributors. These services clarify key terms like pricing and delivery timelines. Our services include drafting tailored agreements, reviewing existing contracts, and negotiating favorable terms, minimizing risks and fostering strong business relationships for effective collaboration.
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Licence, Loan and Management Agreement Draft/Review: We offer services such as drafting, reviewing, and providing legal advice on agreements related to intellectual property licensing, loans, or the management of assets/business operation, ensuring they are legally sound, tailored to the client's needs, and protect their interests in financial or business transactions.
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Deed of Guarantee and Indemnity Draft/Review: Our service involves drafting, reviewing, and advising on a legal document where one party agrees to cover the financial liabilities of another in case of default, ensuring legal compliance and protection of the client's interests
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Confidentiality and non-disclosure agreements: we help create, review, and advise on agreements that keep shared information private during early stage of business discussion, making sure the terms protect sensitive information and prevent it from being shared or misused.
Our business legal services help give business startups and microbusinesses a good start and nurture more established businesses and corporate enterprises.
How to avoid the pitfalls in buying a small business?
The business conveyancing process should begin with preliminary negotiations, during which buyers and sellers discuss the terms, price, and conditions of the sale. This stage may culminate in a letter of intent, outlining the fundamental agreement between the parties.
Following this, the buyer should conduct due diligence, a critical step involving thorough investigations into the business. This includes examining financial records, contracts, leases, and legal compliance to assess potential risks and determine the true value of the business. It is essential to engage an experienced lawyer like Q&L Lawyers and accountant to complete these investigations.
Once due diligence is complete, we need to carefully review the sale agreement which outlines the terms of the sale, including the price, payment methods, and any conditions or warranties that apply. After the initial review, both parties will engage in negotiations to address specific terms, representations, and warranties that may require adjustments. If you need financing, we can guide the buyer in arranging the appropriate financing options, ensuring that the terms do not jeopardize the buyer's position. Once both parties agree to the final terms and the sale agreement is signed, the lawyer oversees the transfer of assets or shares to ensure that it complies with all legal requirements..
Throughout the completion and handover phase, we could ensure that all necessary registrations and filings are properly completed, thus avoiding any legal complications. Additionally, we help address any post-completion matters, such as settling debts and transferring employee contracts, ensuring a seamless transition.
By leveraging our expertise at each step, Q&L Lawyers helps clients navigate the complexities of the business purchase process, significantly reducing the risk of pitfalls that could jeopardize the transaction or the buyer’s interests. Please contact us today for a seamless transaction.