The document used to describe the business sales and purchases is an “Asset Purchase Agreement”. It is important that due diligence is carried out because on completion of the asset purchase agreement you will own legal title to the assets.

A large amount of the asset purchase agreement surrounds warranties given by the selling business. With commercial deals there is sometimes not enough time to carry out a thorough due diligence so in that regard the purchasers solicitors seeks to rely on contractual warranties. The rule of thumb is the more time you have to carry out your commercial due diligence the fewer warranties you will receive.

Our commercial solicitors have the experience and expertise to ensure that the transaction is completed in as quick a time as possible and as cost effectively as possible whilst seeking to fully protect your interests.