Director and Solicitor, Head of Franchising and Commercial Services
Business Sales and Transfers
When buying or selling a business there are a number of different options available. The two most common are either purchasing the shares in an existing company or purchasing the assets of an existing company.
In a share transfer the incoming franchisee will take on all the liabilities of the company while in an asset transfer they will only take on assets, such as stock and fixtures and fittings.
We can guide you through the process, advising on issues such as the need for a confidentiality agreement, any restrictions in place regarding competition, etc and taking on existing employees. We can advise on TUPE (Transfer of Undertakings, Protection of Employment) regulations which will affect the rights of your existing or new employees.
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