This guide outlines the main considerations that apply in buying or selling a business with practical advice based upon our own experiences of buying and selling numerous businesses for our clients over the years.
Buying or selling a business is a complex legal area. Each deal is unique and there are many potential legal pitfalls and traps for those who are unprepared.
Therefore, proper legal advice is essential in any major transaction for two key reasons:
1. To ensure certainty – are you clear exactly what it is you are buying or selling? Does the agreement reflect that?
2. To protect your investment, or the proceeds of your sale, against unexpected liabilities.