Commercial Lawyers With a Difference
A recent case in the South Australian Supreme Court provides a timely reminder to all businesses about the traps that lurk in business sale contracts and provides a useful overview of the potential dangers that need to be managed when dealing with earn-outs in a sale. The matter* involved the sale of an accounting practice […]
A recent case in the South Australian Supreme Court illustrates many examples of the traps that lurk in business sale contracts and forms a double barrelled lesson for accountants both in relation to dealings with their clients who might be grappling with earn-outs in a sale, and in relation to a possible future sale of […]
The sale & purchase of businesses can be a very risky space. In this article we examine a recent case relating to a sale and purchase transaction, where a breach of warranty lead to an award of damages to the buyer of more than 3 times the selling price! If you are engaged in or […]
A vendor due diligence report is a report compiled by a seller for the purposes of a potential sale, which is prepared on the basis that it can be relied on by the ultimate purchaser of the business. It is increasingly common practice for sellers to consider providing a vendor due diligence report as part […]
Most purchasers will conduct due diligence before they acquire a business. Although the temptation to find out anything and everything about the target business is great, that will come at a financial and non-financial cost. The risk of having too much information is that a purchaser may be on notice in relation to anything that […]
Earn-out arrangements often feature heavily in the sales and acquisition space. Sometimes this might be because a buyer is a multinational corporation acquiring a local business, who is dependent on the existing management to continue to operate the business. But often times it might simply be an approach being used by a buyer to share […]
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