Do I need legal advice when buying a business

Do I need legal advice when buying a business?

Buying a business and becoming your own boss can be very exciting. Not only that, but there are many advantages to acquiring an existing business such as possible existing customer base, suppliers and experienced staff, however, there are important things to consider before making a deal with the seller. Do I need a lawyer to buy a business? Yes! Buying a business is not as simple as buying groceries. It...

Non disclosure agreement and confidentiality agreements

What are non-disclosure agreements (NDA) and confidentiality agreements?

When enquiring about a business for sale, it is common for the seller or business broker to ask you to sign an NDA or confidentiality agreement before discussing the business' sensitive information. What are non-disclosure agreements (NDA) and confidentiality agreements? A non-disclosure agreement (NDA) is a legally binding contract that is used in situations where sensitive information is to be shared...

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