Transfer of Assets
Buying or selling a business can be an emotional and stressful process – let us take the stress away and help you make commercially minded legal decisions.
Each business sale is different and most are complicated. We work to understand your overall objectives and work proactively to help you achieve them. By giving you clear and concise advice we empower you to make commercially minded decisions based on relevant information.
When it comes to buying and selling a business an extensive agreement should be drawn up. This Asset Purchase Agreement is between the buyer and seller and clearly states all the terms of the sale.
This will include obvious things such as the purchase price, how payment will be made and any warranties offered by the seller. It will also cover more complicated issues such as outstanding debt, transfer of employees under TUPE regulations and all restrictions on the seller competing with the business after the sale completes.
At Coles Miller we have a wealth of experience when it comes to buying and selling businesses and apply this to deliver realistic and valuable advice to our clients.