If you are considering buying a business, you are probably already well aware that there is lots for you to consider. How should you best structure the deal? How do you ensure that you are getting what you expect? How do you protect the investment that you are making?
Whatever the size of the business you are purchasing, having well-drafted legal paperwork in place is vital in helping to make certain that you end up purchasing exactly what you intend to, and that you do not inherit any nasty surprises.
We can help you to purchase your new business with confidence.
How we can help
If you are considering buying a business, please contact our expert Corporate team, and we can work with you to help shape the best structure for the deal, guide you through any due diligence process and agree a purchase contract that gives you all the protections you need to allow you to embark on your purchase with confidence.
When buying a business, it is strongly recommended to undertake a process of due diligence. This involves asking the seller to answer a series of questions about the business and possibly to provide you with certain documents and information relating to the business. This allows you to check that all is in order and ensure that nothing unexpected arises after the purchase has gone through.
We can help to explain the process to you, decide on what level of due diligence is appropriate and manage this for you, to make it as easy as possible.
The purchase agreement
A well-drafted purchase agreement is essential in any business purchase. It will make clear exactly what you are buying (and perhaps just as importantly, those things that you are not) and the price that you are happy to pay, including how that sum is calculated and when it is payable.
In addition, the purchase agreement will include a range of protections which will help to protect you should the worst happen and you find out that the business you bought has come with some unexpected issues.
Recognised and recommended
Our Business & Commercial team are recommended in three categories in The Legal 500 UK 2023 – with several colleagues receiving special recognition and head of department Jamie Arnall acknowledged as a ‘Next Generation Partner’.