When you consider purchasing a business it is the best practice that you receive legal advice before committing to any contractual arrangements. Too often, people execute documentation pertaining to business purchases without understanding the legal nature of the steps they are taking, or the potential ramifications that may arise. Not having full regard to the binding nature of your actions, may result in a number of varying adverse outcomes.
Accordingly, pre-contractual advice is important to ensure that you understand your rights and obligations before committing to signing any documentation in relation to a proposed purchase of a business. Forge Legal has decades of knowledge and experience helping the local community provide pre-contractual advice and assistance in relation to business purchases. If you need advice, or to understand the ‘legal jargon’, contact us before you sign. You may just save yourself the heartache and excessive financial hardship that comes with ‘assuming’ that all contracts are fair.