PURCHASE AND SALE OF A NEW JERSEY

CORPORATION OR FRANCHISE

Our experienced NJ corporate law attorneys will lead you through the entire process of buying or selling a corporate business, from the letter of intent, due diligence, financing the purchase right through to the closing statement. We are here to protect your interests and to make your business dream a reality.   Buying or selling a corporate business is a complicated transaction.

Fredrick P. Niemann and his legal counsel will guide you through each step. Once you have secured a buyer for your corporate business or have found a business to purchase, our lawyers can help negotiate the legal terms. We draft your Stock Purchase Agreement or Asset Purchase Agreement. We can also draft such documents as:

• Opinion of counsel
• Promissory note
• Appropriate representations and warranties
• Escrow agreement
• Non-disclosure agreement
• Corporate resolutions
• Amended Operating Agreements
• Any exhibits to the purchase agreement
• Letter of Intent
• Amended corporate bylaws
• Non-compete clauses
• Security agreement(s)

Buying a NJ Corporate Business

When representing a purchaser of a NJ corporation, due diligence must be exercised prior to the closing. We try to obtain detailed representations and warranties from the seller. In addition, it is important to have a thorough review of all of the company's contracts and leases, employee records and benefits, customer information, supplier agreements and any other documents, as well as a lien search on the acquired assets,. We will assist with the assignment of the lease for the location and obtaining the consent of the landlord, or the review, revision and negotiation of a new lease. We can help minimize costly mistakes of buying liabilities and risks for which you didn't bargain.

Buying a Business in NJ: Avoid

These Common Mistakes

Selling a NJ Corporate Business

When representing a seller of a NJ corporation, we work so that our client's interests are protected, that the representations and warranties provided in the documents are appropriate, that the transaction proceeds smoothly and quickly, and that any excluded assets are protected.

We draft the documents that you will need for concluding the transaction. We also attend the settlement and issue a closing statement after it has been completed.

Selling your NJ Business: Avoid

These Common Mistakes

Buying or Selling an Existing NJ Franchise Business

In addition to all of the above, selling or buying a franchise has some extra steps. If you are a franchisee who is selling your franchised business, you need to secure the consent of your franchisor and your landlord. We will incorporate the necessary franchise related clauses and important contingencies into the purchase agreement to protect you.

If you are a franchisor, in addition to the normal business acquisition issues, we make sure that all of the franchise agreements are assigned. We also ensure that all post-closing liabilities and assets of the corporation, including obligations to franchisees, are transferred to the new owner.

We have years of experience helping clients buy and sell regular and franchised businesses. Our clients appreciate that we provide high-quality legal work and prompt, responsive service. If you plan on purchasing a franchised business in New Jersey or selling a NJ franchised business, contact Fredrick P. Niemann today.

Franchise Law in NJ: What Steps to Take

Prior to Signing a Franchise Agreement

Whether you need assistance with just one contract or corporate matter or would like an ongoing relationship with a NJ corporation law attorney who you can call on for all your company's legal needs, Fredrick P. Niemann is here for you. Contact Fredrick P. Niemann, Esq. at fniemann@hnlawfirm.com, or call him today at (855) 376-5291.

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3499 Route 9 North, Suite 1F, Freehold, NJ | Toll Free: (855) 376-5291 | (732) 863-9900

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NJ Corporation Attorney