Selling your business – Get it right at the start

June 30, 2016

in Corporate & Business

handshakeYour business.  You’ve put years or even decades of yourself into it; you’ve probably lost sleep over it.  You will have made friendships that will endure beyond the day you choose to move on.  All along the way you will have been building value.

You get to realise that value when you decide it is time to move on and sell your business.

So you use your connections to find a buyer, or you engage a business broker who finds a buyer for you.  Then it is time to put the deal – including how much value you receive and how you receive it – into writing in a contract.

You want to be as sure as you can that the contract will see the value you have built protected through the performance of the contract to the moment the last dollar transfers to you.  It sounds simple, but you would be surprised how things can and do go wrong for people selling their business.

We help people when things do go wrong, and as a result we have a lot of hard-earned experience that can be applied at the very start when negotiating and settling the terms of your deal.  We aim to make sure you do a deal that achieves the balance you are comfortable with between getting out maximum value and minimising the risk of value disappearing during performance of the contract.

If you require any advice or further information on the matters dealt with in this publication please contact the lawyer at Farry and Co. who normally advises you, or alternatively contact.

Wallace Revell
09 379 0055 or 03 477 8870


The information contained in this publication is intended as a guide only. It does not constitute legal advice and should not be relied upon as such.  Professional advice should be sought before applying any of the information to particular circumstances.  While every reasonable care has been taken in the preparation of this publication, Farry and Co. does not accept liability for any errors it may contain.

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