Purchases & SalesYou've identified your target company, and you may or may not have done considerable due diligence on its activities. You now discover that it is the purchaser's solicitor who normally drafts the sale purchase and agreement. From the process of gathering the initial responses to preliminary business enquiries to the finer points of fighting off the seller's attempts to restrict the warranties, what goes into the agreement will be the reference point if issues arise in the future concerning the precise nature of what you have bought.Whether it be shares or assets we can offer a comprehensive service taking you through a hopefully painless purchasing process to help you understand exactly what you're getting.
You've just been made an offer which you cannot resist, or at last the opportunity to get rid of that addendum to your business which has been too non-core for too long. The purchaser may be looking for the earth, but your knowledge of the business is restricted to the extent of your involvement in it: what approach should you take to the warranties being demanded and which you may be required to give personally - a simple refusal to give or the making of copious disclosures against them? We can advise you on appropriate protections which can be built into the sale and purchase agreement and which mean that when you complete the sale you can have a degree of comfort concerning future comeback from the purchaser. |