Get in touch with us now to have a smooth transaction and avoid any legal complications.

In Australia, buying or selling a business involves many complex and rigorous legal procedures. Without hiring a lawyer, you run the significant risk of unnecessary liabilities. Various legal issues may also arise during business transactions, including breaches of contract, providing inaccurate or false information, infringement, and non-compliance with regulatory requirements.

Contact us now so that we can assist you in dealing with complex legal issues, identifying potential risks and liabilities, and ensuring that your interests are protected. 

A trial period is a specific time period agreed upon by the buyer and seller of a business during which the buyer can operate the business on a trial basis to evaluate its viability. It typically lasts between 30 to 60 days, but the duration can vary depending on the specific agreement.

The obligations of the buyer during a trial period are to operate the business and evaluate its performance, while the seller is required to provide access to all necessary information about the business and may also need to provide training and assistance.

It’s important to find a lawyer during the trial period to help review the terms of the agreement, negotiate the purchase price and contingencies, and ensure that the buyer’s interests are protected.

The licenses you need depend on the industry of the business. Common licenses include liquor licenses, food service licenses, professional licenses, etc.

If you buy a business and find that you have not applied for the required licenses, you may be fined or even charged. If you are unsure about what licenses you need or require legal assistance in applying for them, please contact us immediately.

The fate of a deposit in the event of a buyer or seller business regretting a transaction in Australia depends on the terms of the contract. If the contract contains a provision addressing forfeiture of the deposit in case of a breach or termination, it may be forfeited to the other party as compensation. However, if the contract is silent on the matter, general contract law principles apply. If there is a breach, the innocent party may be entitled to seek damages, and the deposit may be used to offset those damages.

Seeking legal advice is crucial to understand your rights and obligations under the contract.

The legal fees for handling a business sale will depend on various factors, such as the complexity of the transaction, the size of the business, and the scope of the lawyer’s work. In order to get a specific quote, it would be best to contact us directly. Our lawyers can assess your specific needs and provide you with a fixed-fee quote.

The process of buying and transferring shares in Australia involves conducting due diligence on the buyer and seller, negotiating the terms of the transaction, drafting and executing a share sale agreement, and completing the transfer of share ownership.

When buying and transferring shares, we strongly recommend that buyers and sellers seek legal advice to ensure that the entire transaction process complies with legal and regulatory requirements.

The legal requirements for buying or selling shares in Australia may vary depending on the size and nature of the transaction. Generally, buyers and sellers must comply with securities laws and regulations, including disclosure requirements, anti-fraud provisions, and other obligations.

Contact us to ensure compliance with the legal requirements applicable to your transaction.

Before buying or selling shares in Australia, it is important to consider a range of legal, financial, and commercial factors. These may include the risks and benefits of the investment, the valuation of the shares, and the legal and regulatory requirements that apply. 

It is important to obtain legal advice to ensure that the transaction is structured to meet your objectives.

In Australia, buying and selling shares involves many complex and rigorous legal procedures. Without hiring a lawyer, you are likely to face unnecessary risks and liabilities. Various legal issues may arise in share transactions, including breaches, provision of misleading information, and violations of regulatory compliance requirements, etc.

Contact us now so that our lawyers can help you deal with complex legal issues, identify potential risks and liabilities, and ensure that your interests are protected in share transactions.

The cost of engaging a lawyer for purchasing or selling shares will depend on various factors such as the complexity of the transaction and the level of involvement required from the lawyer. In order to get a specific quote, it would be best to contact us directly. Our lawyers can assess your specific needs and provide you with a fixed-fee quote.