Additional Details

This Fast Track Solution is designed for medical and healthcare professionals, including general and specialist medical practices, dentists, physiotherapists, psychologists, optometrists, and other health providers, who have agreed on the key terms of a business sale and require a formal agreement to document the transaction.

Each agreement is prepared by one of our senior lawyers experienced in medical and health law, and commercial transactions. We ensure the agreement reflects the terms of the arrangement and address the nuances of patient management, confidentiality, professional obligations, and regulatory compliance.

The Asset Sale Agreement will (depending on your instructions):

1. Clearly set out the terms of sale between the seller and the buyer.

2. Include clauses tailored for medical and healthcare practices.

3. Provide warranties, indemnities, and completion provisions that protect both parties.

4. Deliver a clear, comprehensive document that accurately reflects the parties’ intentions.

Once you Purchase this Agreement:

1. You will receive an email from us giving you the option to either:

   (a)   provide us with the information we need to prepare the Agreement via our instructions sheet that we will send to you; or

   (b)   book a call with one of our senior lawyers to provide us with the information we need to prepare the Agreement.

2. We will then prepare the first draft of the Agreement based on your instructions;

3. We will provide the draft Agreement to you by email;

4. You are welcome to either talk to us on the telephone (for up to 30 minutes) or email your comments and questions about the draft Agreement;

5. We will then finalise the Agreement (if any changes are required and if instructions are received within 30 days of us sending you the first draft).

Occasionally this scope of work will need to be extended. If further changes and advice are required, we will provide an addendum estimate at our hourly rate.

Frequently Asked Questions

If you are considering engaging You Legal to prepare an Asset Sale Agreement for the sale of a Medical or Allied Health Practice, here’s what you need to know.

No, this isn’t a one-size-fits-all template. Each agreement is drafted by our lawyers based on your specific practice structure, location, and regulatory obligations. This ensures compliance with health privacy and professional standards and the instructions that relate to the transaction you are entering in to.

Verbal agreements can’t adequately cover the complex legal and regulatory requirements of selling a medical or allied health practice. A written agreement provides clarity and legal protection, essential when transferring patient information, assets, and ongoing obligations.  It’s important to have now for the transaction, but also for the future to remind you of the agreed terms and conditions.

Every transaction involving the sale of assets or a business will be unique. If you are not a lawyer, we do not recommend re-using an Asset or Business Sale Agreement for a new transaction. Our lawyers ensure your agreement meets current laws, reflects your professional obligations under medical and healthcare legislation, and accurately captures the terms of your specific transaction.

You can provide the information we need to prepare your Asset or Business Sale Agreement in 15 minutes using our simple instruction sheet or via a call with one of our senior lawyers. Once we have your details, we’ll start drafting immediately and usually deliver the first draft within 5 business days. If your sale involves multiple entities or complex arrangements, we’ll let you know if extra time is needed.

The above price is inclusive of the scope described above. Where terms have been agreed between the parties, we prepare the finalised first version of the Agreement to be sent to the other party’s lawyer for their review.

Our process covers everything from receiving your information, ensuring you understand the Agreement, making your requested changes, and preparing the final version ready for review. For more details on the exact process and what’s included, see the ‘Once you purchase this Agreement’ section above.

For the avoidance of doubt, this scope does not include detailed legal advice, which we can provide if required. If you request this advice, we will provide you with a scope and quote so that you get the specific advice you need for your clinic.

This scope of work does not include:

• Review or drafting of additional documents

• Additional rounds of changes to the Agreement

We usually find the total investment in our services for the purchase or sale of a medical or allied health business is between $10,000+GST and $15,000+GST. Getting the Asset or Business Sale Agreement correct is a large percentage of this investment.

If our fees are expected to exceed this estimate, we provide our clients with an update and further estimate, as the costs associated depend on a large number of factors including the approach of the parties and the complexity of the transaction.

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