Sale of practice checklist
Issue to address
Comments
1. Terms and conditions required
on sale
2. Willingness to sign a restrictive
covenant
3. Willingness to accept any part of
the settlement proceeds being
deferred
4. Willingness to accept a part of
the consideration being
contingent on future revenue
performance of the practice
5. Willingness to accept any clawback provisions
6. Expected price
7. Period of time prepared to assist
with handover and transition. Do
you require payment for your
time?
8. Time period allowed for due
diligence
9. Requirement for prospective
purchasers to enter into a
confidentiality agreement
10. Availability of historic information
on client base, fees by client and
fees by service range
11. Impact on staff employment
contracts
12. Is all work in progress to be
billed out prior to settlement?
13. Are there leases that will need to
be transferred?
14. Solicitor to be instructed to draft
sale contract
15. Method of marketing the practice
Copyright © 2007 Hayes Knight Ltd. (ABN 90 107 532 945)
Date
completed