- By Daren Leng, Senior Business Broker, ABC Business Sales
Buying or selling a business is one of the biggest financial decisions you’ll make, and it’s rarely simple.
A good lawyer plays a key role in protecting your interests throughout the process, whether you are the buyer or seller.
Having been a Business Broker for over 10 years now, I’ve come across many lawyers.
Some are good at general legal matters but not necessarily experienced in transacting business sales and purchases.
Those who are experienced in the process are typically keen to make the deal happen, not hinder the process or score points against the opposition. They’re pragmatic.
In my experience, the deals that go well are always backed by a strong team, and a good lawyer is a vital part of that.
They review contracts and make sure everything is clearly written and legally sound.
From Sale and Purchase Agreements to lease assignments and warranties, a lawyer ensures you’re not exposed to hidden liabilities or unfair terms.
A great lawyer keeps the deal on track, manages timelines, and helps avoid costly delays or mistakes.
Good ones will work alongside a buyer or seller and their business broker to ensure a smooth, stress-free transaction.
Cutting corners on legal advice might save money now, but it can cost much more later.
If you’re buying or selling a business, having the right lawyer by your side is one of the smartest moves you can make.
- For more guidance, contact Daren Leng at ABC Business Sales – Your Business Broker of Choice.
- Daren Leng, Senior Business Broker, ph 021 0278 6045 or email darenl@abcbusiness.co.nz.
