Buying or Selling a Business
Acquisitions may be preferable to starting a business from scratch and are also useful mechanism for expanding your business. Buying an existing business gives you an opportunity to evaluate its track record.
If you are considering buying a business, a written agreement is essential particularly when addressing problematic areas of possible future dispute including payment, warranties and indemnities.
We can advise upon a range of mergers, acquisitions and disposals whether the subject matter is a small business or a complex corporate take over to provide a smooth transition in order to enhance the probability of success.
We understand the necessity for attention to detail and the need for accurate advice to minimise risk.
We can assist with the following:
- The sale or purchase of the share capital of a company to include attending to all ancillary aspects such as purchase of a property and / or lease, employees and fixed or intangible assets.
- Sale or purchase of the assets of a business to include the acquisition or disposal of goodwill and stock, and the assignment of a lease.
- Franchises – when taking a franchise of an existing business a franchisor will require you to enter into a Franchise Agreement. We can advise you upon the terms and negotiate appropriate amendments.
We appreciate that most commercial acquisitions and disposals are time critical and our team will be on hand to progress each aspect of the transaction to meet the commercial requirements of the parties and the agreed timescale.
Our commercial team works closely with both our property and employment teams in such matters to ensure that you have a full range of legal expertise for each particular transaction.