Commercial Conveyancing - Share Purchase Agreements

Commercial Conveyancing - Share Purchase Agreements

The document used to describe the business sales and purchases is a “Share Purchase Agreement”. Due diligence is required for a share purchase agreement as the purchasing company is steping directly into the shoes of the selling company. Therefore the purchasing company will want to know all the financial liabilities of the outgoing company.

Invariably the business will have either a lease of a property or own the freehold to a property so once again it will be essential to carry out the work mentioned in our section under Commercial Conveyancing.

A large amount of the share 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. Generally the more time you have to carry out your commercial due diligence the fewer number of warranties you will receive.

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