Business Conveyancing

Buying and selling businesses involves more than just business law. The success of business conveyancing also depends on many factors, such as who the lawyers are, negotiation skills, and communication between people. In many cases, the law does not have absolute black and white answers, nor is it just the law. For example, our law firm represented a seller in selling his business. The seller closed the shop two or three months before engaging us to draft the Contract of Sale. Strictly speaking, the seller only sells the inventory and machines. But this is not entirely the case, because the seller also sells the business name and so on. The owner gives the seller a new lease, but the seller is unwilling to sign, so the seller pays the rent on a monthly basis, even if it has been closed. There are no agent in this case. Sellers are also reluctant to provide buyers with financial statements of the business in accordance with the law, and there is a conflict between the seller and the owner's lawyer. The seller also does not listen to the lawyer's legal advice. The case has even reached the point where it may have to be resolved in court, but the seller is unwilling to go to court. Despite this situation, our firm has successfully assisted the seller in selling the business without going to court to resolve the issue.