Legal Help to Ensure a Smooth Transition of Business Ownership
Our goal is to ensure that the sale of your business proceeds as smoothly and quickly as possible, while protecting your interests and your assets. When representing a seller in the process of a business sale, we negotiate the representations and warranties provided in the documents so that you can walk away from the sale free of obligations.
We ensure any excluded assets are protected and that you are released from any obligations under an existing lease or franchise agreement. If you will be lending part of the purchase price to the buyer of the business, we draft the required documents, including the Promissory Note, Security Interest and UCC filings, to ensure that your financial interests are protected with appropriate collateral, such as the assets of the business.
Selling a Franchise Business
Selling a franchise business consists of some additional steps. If the seller is a franchisee, he or she will need to secure the consent of the franchisor and the landlord. We will incorporate the necessary franchise-related clauses and contingencies into the agreement to protect you.
If a seller is a franchisor, in addition to the normal business acquisition issues, we make sure that all of the franchise agreements are assigned and that all post-closing liabilities and assets of the business (including obligations to the franchisees) are transferred to the new owner.
We have more than 25 years of experience helping clients buy and sell businesses in various industries, as well as franchised businesses. Our clients appreciate that we utilize our decades of experience to provide the best experience at reasonable fees.
Lanard and Associates provide you with high-quality legal work and prompt, responsive services, at reasonable fees.