When should I speak to a lawyer?

Most often when you buy and sell a business the first thing you will do is advertise or engage a business broker to assist you in that process.  Unless you have used a lawyer before, thinking about your conveyancing is often one of the last things on your mind.

It is a good idea to think about who might assist you with your conveyancing as early as possible.  If you have used a lawyer before you might want to get in touch with them to say that you are going through this process so that they can be aware and ready to assist you.  If you haven’t used a lawyer before it is a good idea to have a look around at who would be able to assist you.

Having a lawyer look over a contract before you sign on the dotted line is really important because there are some key rights and obligations right on signing that are crucial.  A lawyer can also assist you in drafting special conditions relating to the purchase of your business.