How to choose a lawyer when selling a dental practice.
When the time comes for you to consider selling your practice, we strongly recommend you use a lawyer who is experienced in the dental sector as without this specialist knowledge the sales process can often end up costing more in both time and money.
At this time, we can point you in the right direction on this as we only deal with solicitors who specialise in dentistry.
The lawyer you engage to handle your practice sale plays a vital role in ensuring your sale reaches a successful completion.
Here’s a few top tips to ensure you make the right choice….
- It’s an important role – A good lawyer will make a huge difference to your transaction. They’re responsible for making sure the documentation is good, keeping to timescales & that you’re protected via good warranties & guarantees negotiated in the contract.
- Cheap isn’t always best – No one wants to over-pay but don’t be tempted to choose a lawyer just because they are cheap. Not having specialist knowledge of the sales process can often end up costing you more in both time and money in the long run.
- Specialist knowledge can make all the difference – Don’t base your decision on cost alone. A lawyer who is experienced in the dental sector is vital as they will understand all the nuances of the sector. Having experience in the specific field of dental practice sales is more important than price.
- Make sure they have a ‘can do’ attitude – A dental sale can take several months so you need a lawyer on your side who has a real ‘let’s get the deal done’ attitude. Having a lawyer with the right mindset and attitude to work on your behalf & who will drive a deal through is essential.
The specialist legal team at FTA Law deals with a significant number of dentists and practice owners who are buying or selling their practices and will provide a guiding hand throughout the entire process.
For more details, or if you’d like a member of our team to talk things through with you in more detail, give us a call on 0330 088 11 56.