In selling a business a Vendor needs to consider many things including:
- What is included in the sale.
- Staff and staff entitlements.
- Lease and/or hire purchase agreements on foot.
- Collection of debtors.
- Stock and how it is to be valued.
- Warranties if any are required.
- Disclosure obligations.
- Leases of the property on which the business is conducted.


As a buyer you need to consider, amongst other things:

- Are you getting what you think you are buying?
- Finance.
- How to protect yourself against the Vendor re-opening or poaching key staff thus affecting your goodwill.
- Warranties you require.
- Potential employee obligations.
- Your right to occupy the business premises.
- Necessary approvals or licences.

Galbally & O’Bryan can assist you in drawing or negotiating Contracts of Sale and the conveyance of the business.


How to contact our Office


Melbourne Office
259 William Street 

T (03) 9200 2533 


Dandenong Office 
Shop 9/147-151 Foster Street 

T (03) 9769 2510 


Pakenham Office 
Shop 1, 15 John Street 

T (03) 5941 7990 


The information on this website is of a general nature only and may not reflect recent changes to certain areas of law. It should not be relied upon as a substitute for discussing your situation with a qualified legal practitioner. Contact us for more information.