The purchase or sale of a business is a complex process and experienced legal counsel is important. Our attorneys begin by collecting information and uncovering client objectives in the transaction in order to guide them through all major issues. There are two primary methods of transferring ownership of a business, either by sale of the business’s assets or by the transfer of ownership of the entity itself.
In conjunction with business sales, our attorneys also prepare non-competition agreements, which prevent sellers from competing with the business after the sale. The geographic limitation and duration and scope of these agreements are negotiated by the parties. Courts will require non-competition provisions to be reasonable so to not restrict or inhibit trade.