Business Contract Solicitor
Budget: €10 – €60 EUR
We are online furniture business and looking to buyout another online furniture business. It’s just the website and their brand we are looking to buy not there limited company. The payment is staggered payments over 2 years so would need that covered in contract.
What we be looking to do is have a solicitor create solid contract to protect our investment to include basic stuff like below:
General things like protecting us from them starting backup under similar name, along with their shop which is currently closed will need to be covered to avoid conflict of interest.
Things like covering us if we miss payment etc what happens.
Protecting us if something happens to owner before we pay it off to make sure family member can override contract.
Protect us on due diligence side as in something to cover payment if say turns out some of their orders were fake on the backend or something like that.
Cover orders prior to buying with likes off making sure their fulfil their orders.
What happens if one of them orders aren’t fulfilled and how any refunds to them customers are taken off owed payments.
I’m sure there is lots of other basic things we need to cover but just to give quick overview. It’s basically a fairly standard buyout of an asset with protection against them using the brand name we are buying!
What we be looking to do is have a solicitor create solid contract to protect our investment to include basic stuff like below:
General things like protecting us from them starting backup under similar name, along with their shop which is currently closed will need to be covered to avoid conflict of interest.
Things like covering us if we miss payment etc what happens.
Protecting us if something happens to owner before we pay it off to make sure family member can override contract.
Protect us on due diligence side as in something to cover payment if say turns out some of their orders were fake on the backend or something like that.
Cover orders prior to buying with likes off making sure their fulfil their orders.
What happens if one of them orders aren’t fulfilled and how any refunds to them customers are taken off owed payments.
I’m sure there is lots of other basic things we need to cover but just to give quick overview. It’s basically a fairly standard buyout of an asset with protection against them using the brand name we are buying!