BUYING AND SELLING A BUSINESS
IN NEW JERSEY
Contact Fredrick P. Niemann Esq., an Accomplished New Jersey Business Law Attorney.
Buying or selling a business is a major decision. Fredrick P. Niemann and Counsel can guide you through each step, from the Letter of Intent to the Closing Statement. Among the responsibilities of an attorney in handling the purchase or sale of a business are negotiating legal terms, drafting the Asset Purchase Agreement or Stock Purchase agreement, and preparing additional documents like promissory note and security documents relating to financing, non-disclosure and non-compete agreements, amended operating, shareholder, or partnership agreements, amended corporate bylaws, and closing statements/agreements.
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Buying a Business in New Jersey
Due diligence is required when representing any purchaser of a business. One little mishap can prove costly. At Hanlon Niemann, strict attention to detail is provided throughout the entire transaction, all the way until the closing. All promises and representations made by the seller will be sought in writing prior to having you, the buyer, enter into the purchase agreement. Fredrick Niemann and his team will also do a thorough review of all of the company's contracts and leases, employee records and benefits, customer information, supplier agreements and other documents. They will procure lien search on the acquired assets. In addition, they will work with landlords to negotiate, review, and revise new leases if that is your goal. Don’t make the mistake of purchasing liabilities and risk which you did not mean to.
Selling a Business in New Jersey
Due diligence is also required when representing the seller of a business. Fredrick P. Niemann and Counsel will strive to protect you by reviewing documents relating to the sale. They will evaluate in detail the representations and warranties you are being asked to make about your business in the sale. They will help determine if the documents are factually supportive of the disclosure you are actually seeking to make. A smooth, time-efficient transaction for the client is the goal of all of the transactions which the attorneys at Hanlon Niemann oversee. When you hire an attorney at Hanlon Niemann, you can rely on them to draft the necessary documents, attend the settlement to close ownership, and participate in drafting and reviewing the closing statement in advance of the closing.
Buying or Selling a Franchise Business in New Jersey
Buying or selling a franchise business can be distinct from a regular business transaction for many different reasons, mainly dealing with the relationship and duties that will accompany operating a business as part of a franchise. New Jersey has some additional requirements for these transactions as well. As a party purchasing a franchise, consent of the franchisor and of the landlord of the premises must be secured. In addition, proper franchise clauses and contingencies must be placed into the agreement to protect you, the client.
As a franchisor/seller, Fredrick P. Niemann will work towards having your franchise agreements are properly assigned to the buyer in addition to the normal transaction issues that the firm will cover for all commercial transactions. He will also ensure that all liabilities and assets of the business, including obligations to franchisees, are transferred to the new owner, making sure that once you sell the franchise business, you will not have any interest in the business anymore and therefore can no longer be held liable if something goes wrong.
Hanlon Niemann has represented numerous clients in both buying and selling franchised businesses. Their clients appreciate the detailed, extensive service they give the transactions. They also appreciate the fact that they are cost-sensitive with all of their legal work and maintain a reputation of the utmost responsibility. If you plan on purchasing or selling a business or franchised business in New Jersey, please do not hesitate to contact Fred P. Niemann, Esq. today at (888) 800-7442 or e-mail him at fniemann@hnlawfirm.com.
AN EXPERIENCED, PERSONABLE ATTORNEY MAKES ALL THE DIFFERENCE
New Jersey business law lawyers must be confident and passionate about their clients and their cause. While committed to serving their client's interest by seeking solutions and settlements that avoid protracted and contentious court proceedings, if faced with an unreasonable and/or confrontational adversary, Fredrick P. Niemann and the attorneys at Hanlon Niemann will not hesitate to try your case to conclusion before a judge and/or jury.
Many of the most successful small and medium-sized businesses are founded on a strong relationship between partners or shareholders. If this relationship were to break down, the results can be disastrous. A strained relationship is often the main cause of any breakdown of a business. If not solved quickly and decisively, business resources and focus are often depleted, which can lead to your business being harmed permanently. It is imperative that these problems be solved immediately so your business doesn’t suffer, even if the relationship may be permanently strained.
Many law firms focus strictly on the transactional elements of your business. When faced with the prospect of a lawsuit and going to court, they will opt to refer you somewhere else, rather than litigate the problem. Fredrick P. Niemann and the attorneys at Hanlon Niemann pride themselves on standing by you all the way through, serving you throughout the entire case. They have conclusively litigated numerous types of business disputes, including shareholder fights, LLC member and partnership suits, franchise claims, probate litigation, non-compete restrictions, employment, intellectual property, technology, class action litigation, contract and
Insurance cases, tortuous business practices, unfair competition, general labor disputes, and others.
These are only some of the significant practice areas of which Fredrick P. Niemann and the law firm of Hanlon Niemann specialize in. Whether you need assistance with just one contract or business matter or would like an ongoing relationship with a NJ business law attorney who you can depend on for all your company's legal needs, our firm is here for you. Contact Fredrick P. Niemann, Esq. at fniemann@hnlawfirm.com, or call him today at (888) 800-7442. He happily welcomes all of your inquiries.
"In my negotiations with a large international corporation, Fredrick P. Niemann worked with me to the end. They were thoughtful and proactive in identifying the issues of concern to me, issues I hadn’t even thought of.I was very satisfied with the services they rendered." —Cheryl Scheidler, Wall Township, NJ