Oil Gas Business Purchase Law - Alberta

To effectively purchase a business in the oil and gas sector, it is essential that you retain the services of the appropriate professionals at the outset, including experienced legal counsel. The significance of retain the right lawyer in the acquisition process cannot be understated, as it should enable you to avoid costly mistakes and missteps, while optimizing your strategic position in negotiations. The true cost of deferring the retention of legal counsel to the final stages of most acquisitions is not limited to amount of additional work that tends to be required to correct prior missteps, but is further exacerbated by concessions that are provided to the seller that are irrecoverable.

Given the amount of money that is being spent on the acquisition of the business, you need to confirm that business does not have existing problems and should those problems not be perceptible or fully arisen you require contractual provisions that address those situations. You also need to make the deal financially feasible for yourself and this can be achieved in part through the contract that is negotiated and its payment structure. And these are but two of the elements in a business acquisition from which an experienced business lawyer can provide essential input and direction to your purchase of a business in the oil and gas sector.

For more information on the legal services of Neufeld Legal P.C. or to schedule an appointment, contact our lead lawyer Christopher Neufeld at Christopher@OilGasLawyer.ca or 403-400-4092.