Sprintlaw offers smart, simple and affordable legal solutions for small businesses and startups.
Business Sale Agreements, quick & stress-free.
Sprintlaw offers smart, simple and affordable legal solutions for small businesses and startups.
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How can I best protect myself when buying or selling a business?
To protect yourself when buying or selling a business, a key document you’ll need is a Business Sale Agreement. This governs the terms of the sale and ensures you’re both on the same page.
Drafting a Business Sale Agreement to meet your specific requirements
Phone consultations with our expert lawyers
Fast turnarounds
Fixed-fee pricing
sprintlaw
A Business Sale Agreement is a legally binding document that outlines the terms and conditions of selling a business. This agreement is negotiated between the seller and the purchaser and covers important aspects of the sale, including the purchase price, how any disputes will be resolved, and which assets (such as property, stock, or intellectual property) are included as part of the sale.
Typically, the seller (along with their legal team) prepares the Business Sale Agreement to ensure all essential details are captured and both parties are protected. A well-drafted agreement helps avoid misunderstandings and ensures the sale process is smooth and compliant with legal requirements.
For more information, you can read further here.
A Business Sale Agreement isn’t just a formality—it’s the backbone of your deal. It lays out all the key terms, like the purchase price, the assets included in the sale, and any other details the parties have agreed upon. Without this document, misunderstandings or disputes can arise, which can delay or even derail the sale.
If you’re the buyer, a solid Business Sale Agreement ensures you’re getting everything you’ve agreed to—assets, stock, intellectual property—along with proper warranties from the seller. It gives you peace of mind that there are no hidden surprises.
For sellers, it’s equally vital. You want to ensure the agreement clearly states what you’re selling and the warranties you’re providing, while also protecting you from any ongoing liabilities after the sale. Having legal guidance helps you navigate these complexities and avoid any potential pitfalls down the track.
Before completing the sale of a business, it’s crucial to seek advice from a lawyer. A lawyer can help ensure that you fully understand all the terms of the Business Sale Agreement and that your rights are protected throughout the transaction. This legal advice ensures that both you and the other parties involved are well-informed about the implications of the agreement, particularly in relation to employees, property, and any ongoing liabilities.
In addition to legal advice, here are some key steps required before finalising the sale:
Completing these steps will help ensure that the sale process is smooth and legally sound, protecting both parties involved in the transaction.
While a template might seem like a convenient option, it’s often too generic to account for the specific needs of your business, especially if it operates in a niche industry. Every business sale is unique, with varying assets, liabilities, and obligations that need to be carefully addressed in the agreement. A one-size-fits-all template can overlook important details, which may lead to costly disputes or complications later on.
By working with a lawyer to tailor a Business Sale Agreement to your specific situation, you can ensure that all critical aspects—such as warranties, asset transfers, and liabilities—are properly addressed. This personalised approach helps avoid potential legal pitfalls and ensures that nothing important is missed, giving you peace of mind throughout the sale process.
Our fixed-fee Business Sale Agreement packages start at $1500 + GST. This includes a Business Sale Agreeement drafted to meet your specific requirements, phone consultations with an expert Sprintlaw lawyer and a complimentary amendment to the final draft we provide to you.
why sprintlaw
We’re an award-winning, totally online law firm. Forget the hassle of meeting a lawyer face-to-face. Our top-trained lawyers are ready to help wherever you are in Australia.
how it works
our team
Our lawyers were recruited from Australia's top firms and use our custom-built technology to provide a better and more affordable legal service.
how it works
1 / Get a free quote
Our legally trained consultants will prepare a fixed-fee quote for you.
2 / Accept online
Accept your fixed-fee quote and e-sign our engagement letter.
3 / Speak with a lawyer
Our expert lawyers will talk you through your project via phone, video call or whatever suits!
That's it!
Receive your completed project, usually within 5 - 10 working days.
Adapt Leadership
“Can't speak highly enough of my experience with Sprintlaw - quality advice, fast and efficient responsiveness and a professional product.”
Kiindred
“I had a fantastic experience with Sprintlaw - it was easy, cost-effective and their lawyers provided very high quality advice. I could tell they really cared about my business.”
Soul Burger
“They’ve helped us tremendously and are seriously knowledgeable and honest. Couldn’t recommend the crew at Sprintlaw more!”