In the early stages of negotiating a sale or purchase of a business, there are some important documents you might want to consider. Here are our key contenders: Heads of Agreement: This document can be drawn up when the parties reach an agreement on key commercial terms of the transaction. It can include [...]
When it comes to selling or purchasing a business, there are crucial and less apparent issues you might not remember. Here are our top 3 hidden matters to consider when buying or selling a business: Debtors and creditors: In an asset sale, the parties must agree on who takes on the debtors and [...]
When selling or purchasing a business, most spend their time on tangible assets, such as business premises and land. However, a company's intangible assets, such as intellectual property, licencing arrangements, and trade secrets, can be precious and vital to a commercial transaction. When selling or purchasing intellectual property, it is vital to: • Identify [...]
When drafting a contract for the sale of business, there are some key terms to be on the lookout for. Here's our guide to some of the most common terms you might come across: • Payment provision: The consideration and payment structure should be agreed between the parties. Your payment provision should cover whether a [...]
