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Property & Business Law

Buying or Selling A Business

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 
MELBOURNE VIC 3000 

T (03) 9200 2533 
enquiries@galballyobryan.com.au 

Dandenong
T (03) 9769 2510 
dandenong@galballyobryan.com.au 

Pakenham
T (03) 5941 7990 
pakenham@galballyobryan.com.au 

 
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.