At some point in business, a merger or acquisition may be on the table. A merger is when two companies dissolve and merge into one new company, whereas an acquisition is when one business acquires another. During the process, it is advised to have a commercial attorney facilitate the merger or acquisition to ensure all necessary steps are taken correctly.
Hoegen & Associates attorneys are well-equipped to help with a business merger or acquisition in Pennsylvania. Located in Wilkes-Barre, PA, our team provides legal services across the state. Contact us today to begin your merger or acquisition process.
Legal Knowledge
An attorney who works in mergers and acquisitions will be able to navigate the legal aspects of the procedure. Commercial lawyers know the language involved in business purchases and how to communicate business relationships in contracts and documents. Merging, buying, or selling a business is a legal process involving many contracts, laws, and documents. An attorney can help make the process go smoothly and quickly.
Negotiation Skills
Knowing how to properly document the merger or acquisition is just one small piece of the puzzle. Prior to that, there is a good deal of negotiation that must take place to ensure both sides are satisfied with the ensuing outcome. An experienced attorney is also an experienced negotiator and most likely has negotiated mergers and acquisitions before. They will know what information is necessary and where to begin.
Professional Documentation
It’s imperative that you work with an attorney during a merger or acquisition because they will draft and complete all of the necessary documentation. You won’t have to worry about missing anything because they will ensure that all documents, from the non-disclosure agreements to the purchase agreements, are complete and legally valid. It’s recommended to keep all of the business documents in one place so that they are easily accessible if needed.
Contract Review
A commercial attorney can review all documents and ensure everything is finalized correctly. They know what to look for and can help keep both parties safe in the future if there are ever any problems relating to the merger or acquisition. Additionally, contracts are not legal until a third party reviews them. A lawyer will be able to identify any issues and provide peace of mind that the contract is legal.
Contact a Commercial Attorney
Business mergers and acquisitions can involve a complex process that requires the expertise of an experienced attorney. If you’re thinking about merging or acquiring another business, it’s important to have legal representation that can protect your interests and ensure the transaction is carried out smoothly.
With so much at stake, it’s worth taking the time to find an attorney who has experience with business mergers and acquisitions and who you feel confident working with.
Contact the team at Hoegen & Associates for professional representation during a business merger or acquisition.