Buying or selling a business

Before beginning the process of buying/selling a business, the first and most crucial step is to seek professional advice from a qualified and experienced commercial solicitor. It is essential that you fully understand what you are buying or selling and to ensure that you and your investment are fully protected.

Every sale and purchase of a business is its own unique process, with its own individual circumstances. It is, therefore, essential that you seek sound legal advice early on to make certain that you begin the process fully informed and prepared.

Some of the things you will need to consider when buying or selling a business are:

• The value of the business
• The timing of the sale/purchase
• Whether you are dealing with a share sale or asset sale
• What will happen to existing employees
• Are you also buying/selling property
• What will be included in the contract

We offer comprehensive advice in clear, jargon-free language so that you can understand the full commercial, financial and legal implications of your proposed sale or purchase.

Running the Business

The contracts you set up with your suppliers and customers are critical to the success of your business.

This could include drafting agreements when you outsource to freelancers, standard terms and conditions or drawing up a bespoke contract for a new client. Cookies policies, privacy policies, data protection and intellectual property all need to be thoroughly considered. We can be relied upon to put together legal documents which best protect your interests.

There is no one size fits all solution to such things, so generic templates found online should be avoided as they don’t always provide the protection you need. It is worth investing in tailored T&C’s and policies to avoid catastrophes later down the line.

Our experience in drawing up commercial contracts means all the ‘what ifs’ are covered, this means your working relationships can proceed with clarity and confidence. Everybody will be aware of where they stand and risk is managed because the deal is covered by a legally enforceable contract.

It doesn’t matter how big or small your business may be. We advise businesses from large corporations to SMEs, entrepreneurs and start-ups.