A guide to conducting legal due diligence when buying a business

Posted by James Price | JPAbusiness on 18-Aug-2021 02:00:00

In this blog we’re sharing information and case studies first presented by Watson Mangioni lawyers David McGuiness and Fleur Gibson in our eBook, How to conduct due diligence when buying a business.

Please keep in mind the material in this blog is not advice and should be regarded as a general guide only.

What is the purpose of legal due diligence?

Comments by David McGuiness and Fleur Gibson
Watson Mangioni Lawyers Pty Ltd

The purpose of legal due diligence is to enable an intending purchaser to assess the legal risks associated with either a business or a company, in order to make an informed decision as to whether they will proceed with the transaction and, if so, on what terms.

Where issues are thrown up during legal due diligence and the buyer still wishes to go ahead, they may renegotiate the purchase price they’ve initially offered and also request additional warranties from the vendor.

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Topics: Buying a business, Legal, Due diligence, Checklist, business buying, due diligence checklist, legal due diligence

Should I do Legal due diligence when buying a business? [3 case studies]

Posted by James Price | JPAbusiness on 01-Feb-2017 05:18:00

Whether or not people do Legal due diligence when buying a business tends to be a factor of their appetite for risk and the price of the business they are considering buying.

There are some situations – such as when you are buying within an industry you are very familiar with, or you’re paying a relatively low price for assets sold as the result of a liquidation – where you may feel you don’t need to invest in comprehensive Legal due diligence. (Of course, a low purchase price doesn't necessarily mean a low-risk acquisition, as you may be subject to other liabilities and obligations!)

Our advice is to always get some preliminary advice on the potential risks and issues before deciding whether or not to conduct Legal due diligence.

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Topics: Buying a business, Legal, Due diligence, legal due diligence

A guide to conducting legal due diligence on a business purchase [blog]

Posted by James Price | JPAbusiness on 23-Sep-2016 04:13:00

From the JPAbusiness Strategic Business Insights blog archives

This week our guest contributors, David McGuiness and Fleur Gibson from Watson Mangioni Lawyers, provide guidance as to the main items and issues that may be covered in a legal due diligence, as well as examples and case studies from due diligence processes they have been involved in.

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Topics: Buying a business, Legal, Due diligence, legal due diligence

 
Disclaimer: The information contained in this blog is general in nature and should not be taken as personal, professional advice. Readers should make their own inquiries and obtain independent, professional advice before making any decisions, taking any action or relying on any information in this blog. 
 
 

 

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