Sale and Purchase of BusinessENG

The easy-to-follow procedures in these legal guides eliminate common issues, delays and disputes that might arise during the sale or purchase of a business or franchise.

The precedents include the By Lawyers contract for sale and purchase, which covers all aspects of the transaction from pre-exchange vendor warranties and purchaser guarantees, to completion, and the transfer of all business assets, including copyright works, trade marks, and supplier contracts.

The contract allows for customised competition restraints ensuring that they are enforceable, and deals with the management of confidential information, binds the key people, deals with e-commerce, and the non-solicitation of staff and customers.

The commentary has been prepared by experienced legal practitioners with significant knowledge in business and franchise conveyancing and compares business structures, sets out the tax implications, considers the status of the premises and any franchise sale or purchase agreement, explores the importance and detail of due diligence and disclosure, and discusses many other important issues affecting business sales.

Precedents provided with this publication include:

• Confidentiality agreement;
• Heads of agreement;
• Agreement for sale and purchase of business;
• Library of special conditions;
• Deed of restraint – Restrictive covenant;
• Licence of business name.

The comprehensive Retainer Instructions ensures nothing is missed and the client is properly advised.