Legal Support - Protecting you from Legal Surprises
The legalities involved in selling businesses are vast and often confusing. ESP law partners have the experience to ensure that you are protected throughout the sale process and in a secure position upon completion.
Consultation Our legal partners should be instructed early to make sure:-
- you are in a good position to sell the company
- any deal has a clear strategy and is structured in an efficient manner
- all potential issues are identified
Agreement of Terms When a buyer has been identified, we will need to agree Terms of Sale and help to finalise the Heads of Agreement which set out the main aspects of the deal.
Steps to Completion The buyer will conduct a 'Due Diligence' investigation. Our legal partners will manage this by liaising closely with you and other parties to negotiate the documents necessary for the sale. The main document is the sale and purchase Agreement, setting out the terms of the deal, including restrictions to be placed on your business activities after completion and your assurance (warranties) on the state of your business. When the documents have been agreed, our legal partner will attend the completion meeting with you and manage the formal completion process.
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