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.