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Business Sale and Purchase

Whether you’re buying or selling large companies or SMEs, you need a lawyer that specialises in this area of law and understands the legal complexities involved. That’s where we can help.

Our business legal experts have a vast amount of experience in business transactions, working with both individuals and businesses, ensuring the process runs smoothly and without issue.

What needs to be considered when buying or selling a business?

It doesn’t matter whether the transaction relates to a small or large business, there are a lot of considerations that need to be made to ensure that it’s legal.

The sale or purchase is likely to include a number of assets in addition to rights and entitlements, all of which need to be dealt with legally, such as:

  • Real estate
  • Employees contracts
  • Supplier contracts
  • Customer contracts
  • Intellectual property
  • Websites and social media accounts
  • Book debts
  • Creditors
  • Legal claims
  • Licencing, registration and permits
  • Warranties
  • Restraint of trade matters
  • Agricultural and farming land

These are just a few examples of what needs to be considered from a legal perspective. However, every business sale or purchase is different and will have its own legal complexities to deal with.

Our business legal experts will ensure that everything is covered so you don’t have to worry.

Business Sale and Purchase

What type of businesses need a lawyer when a sale or purchase is made?

Every business has its own unique set of legal requirements when being purchased or sold, no matter what type of business it is. So it’s important that you instruct a lawyer who specialises in this area of law.

Our specialists have represented businesses from a vast number of industry sectors, both online and offline, such as:

  • Ecommerce
  • Professional services
  • Agriculture
  • Retail
  • Energy
  • Technology
  • FMCG
  • Investment, accounting and finance services
  • Construction
  • Production
  • Trade

Basically, with any business sale or purchase, it’s important to seek specialist legal advice.

Do you need a lawyer if you’re purchasing or selling shares of a company?

Like with buying or selling a business, buying or selling shares of a company also has its own unique complexities and it’s therefore highly advisable that you speak to a lawyer who specialises in this area of law as soon as possible in the process

Initially, the parties will negotiate the basic terms of the agreement and once agreed, may set this out in writing in something called the “Heads of Terms”. This document sets out the basic fundamental terms which have been agreed, including what is being purchased and for how much.

The Heads of Terms helps the parties understand the deal at hand and identify any issues. It’s therefore important that this document is drafted properly.

In addition, if you purchase shares of a limited company, you could also inherit some of the company’s historic liabilities. It’s essential that you have the right indemnities or warranties in place for this.

Every business sale or purchase is different, depending on an array of factors that need to be taken into consideration by the lawyer. Examples of this include:

  • Stock
  • Value
  • Staff
  • Future contracts
  • Existing service level agreements
  • Tax liabilities
  • Existing claims in respect of that business
  • Any balances of assets under the name of the business

All of these points have to be taken into consideration when negotiating an agreement. We therefore advise that you instruct a lawyer who specialises in this area.

Inspire Legal Group has a team of experienced lawyers in this area.

How much does an employment lawyer cost?

It’s difficult to say how much it will cost for an employment lawyer to represent you until we know the circumstances of your case. However, we want to be as transparent as possible when it comes to the legal costs involved in an employment case, so have set out the fees involved in our Fees Transparency page. For more details about our fees and how we can help, simply contact us today and one of our experts will be happy to discuss this with you.

How can Inspire Legal Group help?

We’re a unique technology-driven law firm that’s revolutionised the legal industry, bringing it into the modern age.

We’re embracing smart contracts and Blockchain technology, inspiring the industry with these innovative digitised technological solutions. Because of our technology, we’re also the only law firm in the UK to provide recovery of missing crypto assets through scams.

Our technology also enables you to digitally sign contracts and deeds from anywhere and enables us to undertake witnessing via Zoom.

Our business lawyers are innovative leaders and specialise in the buying and selling of businesses, in both the UK and abroad. They’re professional, proactive and fully trained, and can lead your business purchase or sale to a successful conclusion.

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and one of our specialists will be in touch.

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