Asset Sales and Purchases Solicitors in Scunthorpe & Goole
If you want to buy or sell a business, one of your options is to conduct an asset sale or purchase. Our Company Commercial department has substantial experience handling these kinds of transactions, providing tailored and commercially-minded advice to businesses and individuals across Lincolnshire, Yorkshire and beyond.
Our experience includes advising on asset sales and purchases involving retail business such as restaurants, takeaways and bridal shops as well as advising on more industrial types of businesses such as garages and workshops.
By their very nature, the legal work involved in business asset sales and purchases can differ significantly. If we are dealing with a large business and the purchase of the majority of the business assets then the work involved will be greater and will involve significantly more due diligence. As with the share sales/purchases we are geared up to deal with this volume work and we would adopt a team-based approach to ensure that the job receives full and complete attention.
At the other end of the scale, we can also deal with smaller transactions involving the selection of smaller or less valuable assets. We pride ourselves on ensuring that the same level of attention is given to all matters. The legal work involved is very similar and we will provide full attention to your needs.
How we can help with company asset sales and purchases
An asset sale or purchase is a flexible way to acquire or dispose of the operations or certain parts of a business without transferring the business as a whole.
Some view this type of transaction as simpler than share sales and purchases, although getting expert legal advice is essential. Such transactions involve various complex parts, from defining the scope of assets to be transferred to negotiating warranties, indemnities and other liabilities.
As well as a level of risk, the contracts involved should give both the buyer and seller the adequate protection they need to move forward with confidence. There are also likely to be other vital considerations involved in the transaction, such as the impact on employees and existing commercial contracts.
This is where our company law experts come in. We can provide commercially-minded advice and handle every legal aspect on your behalf, navigating risk and completing every detail to the highest degree of accuracy. Our service includes:
- Talking you through your options for acquiring or selling businesses, including alternatives such as share sales and purchases.
- Preparing and reviewing asset purchase or sale heads of terms
- Assisting with due diligence for company asset purchases and advising on the seller’s liabilities
- Preparing and reviewing contracts for the purchase and sale of business assets
- Conducting commercial property transactions
- Commercial contracts advice
- Employment law advice, such as TUPE (Transfer of Undertakings) advice for the transfer of employees
Why you can rely on us for advice about asset sales and purchases
Decades of experience handling commercial transactions
When it comes to buying or selling company assets, it is important to have the guidance of someone who specialises in such transactions. With decades of experience under our belts, we can efficiently and effectively handle a wide range of complex and high value matters for businesses across all industries.
Beyond the business sale or purchase, we specialise in providing a joined-up company and commercial law experience to fulfil all your legal needs, including:
Expert legal knowledge with a commercial mind-set
You need more than a lawyer who can spout off the law. We understand the commercial realities of our business clients and often become an integral part of the team as we work together to achieve their commercial goals.
Bespoke advice, tailored to your unique needs
No two businesses are the same, each having its own unique challenges, opportunities and aspirations. As such, the work involved in asset sales and purchases varies greatly depending on the circumstances so every transaction requires careful thought and an expert touch.
We will work closely with you, getting to know your objectives and any areas of risk so we can provide a bespoke service to support you at every stage of the journey.