Selling a business is more than a price — you need a proper contract, and to deal with the lease, staff, licences and restraint. We make the legal side clean.
Selling a business involves a proper sale contract, due diligence, and dealing with the lease, staff, licences and any restraint on the seller. Getting the legal side right protects the deal and limits your risk afterwards.
It sets out what’s included (equipment, stock, goodwill, intellectual property), the price and terms, warranties, and completion. A vendor’s statement may also be required for small businesses.
If the business rents premises, the landlord usually must consent to transfer the lease. You’ll also deal with employee entitlements, and buyers often want a restraint of trade — whose enforceability depends on how it’s drafted.
We prepare and negotiate the contract, manage due diligence and completion, and protect you on warranties and restraint. Book a consult to start.
Typically equipment, stock, goodwill and intellectual property — set out in the sale contract with price, warranties and completion terms.
Usually yes if the business rents premises — the landlord generally must consent to transferring the lease to the buyer.
General information only — for advice about your situation, see more guides or book a consult with ORLA Legal.
Speak with an experienced Victorian lawyer — book online, or call us 24/7.
ORLA Legal works hand-in-glove with our sister services, so your loan, your conveyancing and your property search are coordinated by one team — all the way to settlement.