After years of building up your business, the time has come to sell. You have an interested buyer and need a lawyer to help you seal the deal.
If you are looking for an experienced and knowledgeable lawyer who understands the ins and outs of NJ business, someone you can count on to handle the details of closing your sale efficiently and cost-effectively, then Hanlon Niemann & Wright is the firm for you.
Our firm works with businesspeople throughout NJ in the real world of NJ business.
We not only know the laws governing business sales, but we’re also practical and proactive, offering advice, solutions, and recommendations to make your business sale a seamless, transparent process that leads to a successful closing.
We work to ensure that our clients’ 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 business assets and intellectual property are clearly identified in the sales agreement and protected.
We draft the documents you need for closing and issue a closing statement before and after the sale is completed.
TESTIMONIAL
I consulted with Mr. Niemann following a recommendation from an associate in Brick, New Jersey. I was told that Mr. Niemann would be an excellent person to discuss an investment opportunity that was represented to me as very profitable. Mr. Niemann met with me promptly and reviewed the information provided by the promoter. After having considered the promotional information, Mr. Niemann cautioned me against the investment. He requested that a four-way conference be set up so he could meet face-to-face with the promoter of this opportunity. After several hours of intense questioning and discussion, Mr. Niemann concluded the meeting courteously and professionally. He immediately told me not to invest a single penny in this scam, as I would lose my investment. At the time, I was looking to invest several hundred thousand dollars. Thank God I listened to Mr. Niemann.
Since our meeting, I have learned that the deal was, in fact, a scam and that I would have lost my entire investment. The straight-talking, highly investigative nature of Mr. Niemann’s questioning and insights, coupled with his significant past business experience, was invaluable to me.
Scott Buongiovanni Freehold, New Jersey
The Sale of Your New Jersey Business or Franchise Requires Our Experience!
Hanlon Niemann & Wright will lead you through the sale of your business, from the letter of intent and due diligence investigation to seller financing and the closing statement.
Fredrick P. Niemann, Esq., and his legal team will guide you step by step. Once you have secured a buyer, our lawyers can help you negotiate the terms of the agreement. We will draft the sales agreement, whether it is a Stock Purchase Agreement or an Asset Purchase Agreement.
We can also draft such necessary documents as:
- Letter of Intent
- Opinion of counsel
- Promissory note
- Appropriate representations and warranties
- Escrow agreement
- Non-disclosure agreement
- Corporate resolutions
- Operating and Amended Operating Agreements
- Shareholder Agreements
- Any exhibits to the purchase agreement
- Amended corporate bylaws
- Non-compete clauses
- Security and stock pledge agreement(s)
- Employment Contracts
- LLC Membership Agreements
Selling an Existing Franchise Business
In addition to the above, selling a franchise involves additional steps. If you are a franchisee selling your franchised business, you need to secure your franchisor’s and your landlord’s consent. We will incorporate the necessary franchise-related clauses and important contingencies into the sales agreement to protect you.
In addition to the everyday business acquisition issues, we ensure that all franchise agreements are assigned. We also ensure that all post-closing liabilities and assets of the corporation, including obligations to franchisors, are transferred to the new owner.
We have years of experience helping clients. Our clients appreciate that we provide high-quality legal work and prompt, responsive service. If you plan on selling a franchised business, contact Fredrick P. Niemann today.
Click here to watch Our Video on Franchise Law in New Jersey
What Additional Services Can We Offer You After the Sale of Your Business
For more than 45 years, we have helped small and medium-sized corporations, businesses, and individuals with their business matters in New Jersey.
After the successful sale of your NJ business, Hanlon Niemann & Wright will be there to help you with:
Corporation formation and business planning:
Our service to you begins when the articles of incorporation are first written. Businesses must plan for profitability, tax consequences, employment issues, and other concerns. Business can change with commercial needs and realities. Savvy businesspeople will keep an open eye for changing risks and opportunities. We help you launch your new corporation to minimize risk and legal liability and promote your success.
Contracts and Agreements:
After closing, if your business requires a goods or services contract, employment agreement, licensing and/or distribution agreement (or any other type of agreement), we can help. A contract defines and controls the business relationship. Let us be a clear voice for you by writing, reviewing, and negotiating your business contracts.
NJ Non-Compete and Non-Disclosure Agreements:
Are you concerned about protecting your valuable proprietary information and the possibility that your key employees might compete directly against you? If so, let us draft a non-compete and non-disclosure agreement for you to protect your valuable proprietary and confidential business information. We can also prepare a non-competition agreement for your key employees to protect your interests. We’ll counsel you on the best methods of implementing a non-compete agreement with existing and new employees.
NJ Business Succession Plans and Agreements:
These take place upon the death, disability, retirement, or withdrawal of a business owner, key employee, or partner. Depending on the type of business, transfers of ownership interests may not achieve a complete change of control. Careful estate and corporate business planning can minimize problems and help business owners achieve their goals.
NJ Franchisee Law Representation:
We will review your franchise document(s), explain your obligations, and advise you throughout the process of selling a franchise. We want to be there to guide and protect you through this complicated yet potentially rewarding investment decision.
TESTIMONIAL
Fred has been my attorney since I started my business in 2003. He is always invaluable and has handled several business and personal matters for me. I highly recommend Fred.
Wayne Sos, Howell, NJ
Whether you need assistance with just one sale(s) contract or would like an ongoing relationship with a NJ attorney who you can call on for all your business legal needs, Fredrick P. Niemann and the entire firm at Hanlon Niemann & Wright is here for you. Contact Fred at fniemann@hnlawfirm.com, or call him today at (732) 863-9900.
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Please get in touch with Fredrick P. Niemann today to discuss any issue that is or may impact your NJ business at fniemann@hnlawfirm.com, or call him at (732) 863-9900. He looks forward to speaking with you.