Area of Expertise
Business Sale Contract Solicitors in London
Why You Need a Solicitor for a Business Sale
Business sale transactions involve much more than just handing over the keys. A well-drafted business sale contract ensures that both parties are fully protected and that the terms of the sale are clear, enforceable, and fair.
Our solicitors handle the legal aspects from start to finish, including:
- Drafting and reviewing sale and purchase agreements
- Due diligence on the business being sold
- Negotiating warranties and indemnities
- Managing asset or share transfers
- Ensuring compliance with regulatory requirements
- Advising on tax implications and liabilities
Types of Business Sale Contract Services We Handle
1. Asset Purchase Agreements
Ideal for buyers who want to acquire specific assets rather than the entire company. We draft and negotiate asset sale agreements that cover stock, equipment, customer databases, goodwill, and more.
2. Share Purchase Agreements
Used when purchasing or selling shares in a limited company. We advise on shareholder rights, company liabilities, and due diligence, ensuring full legal protection on both sides.
3. Management Buyouts (MBOs)
If internal managers are buying out the business, we structure and support the transaction, addressing issues such as funding, roles, warranties, and transitional arrangements.
4. Management Buyouts (MBOs)
If internal managers are buying out the business, we structure and support the transaction, addressing issues such as funding, roles, warranties, and transitional arrangements.
5. Group Company Sales
For business groups or holding companies divesting subsidiaries or divisions, we provide strategic legal advice and manage the drafting and negotiation of relevant documents.
6. Small Business Sales (e.g. sole traders, partnerships)
We assist with the sale or transfer of small and family-run businesses, covering goodwill, employee transfers, commercial leases, and client lists.
7. Distressed or Insolvent Business Sales
When a business is sold due to financial distress, we act quickly to protect our client’s interests while ensuring the transaction complies with insolvency law.
8. Earn-Out and Deferred Consideration Agreements
We draft contracts where part of the purchase price is paid based on future performance, helping to secure and enforce clear earn-out structures.
Our solicitors work closely with business owners, buyers, and investors to ensure all contracts are watertight, compliant, and commercially sound.
Benefits of Appointing a Business Sale Contract Solicitor in London
Selling or buying a business is a major decision, and it’s essential to getting the legal details right. At Legafit, our experienced solicitors provide insight, protection, and peace of mind throughout the entire process.
Here are the key benefits of working with a dedicated business sale contract solicitor:
1. Clear and Legally Sound Agreements
We ensure your contract is clearly drafted, legally compliant, and tailored to reflect the specific terms of your transaction—minimising the risk of disputes or misunderstandings later on.
2. Reduced Risk and Liability
Our team helps identify and manage potential legal pitfalls such as hidden liabilities, contract breaches, tax exposures, and regulatory obligations—so you can proceed with confidence.
3. Due Diligence Support
We guide you through the due diligence process, helping you understand the financial, legal, and operational status of the business you’re selling or acquiring.
4. Negotiation Expertise
Whether you’re a buyer or a seller, we negotiate robust terms to protect your commercial interests—covering warranties, indemnities, restrictive covenants, and payment structures.
5. Smooth Transactions
With our proactive and practical approach, we help ensure the deal progresses efficiently, handling all the legal paperwork and liaising with third parties on your behalf.
6. Compliance with UK Law
We ensure your transaction complies with all relevant UK legislation, including employment law, tax regulations, data protection, and any industry-specific rules.
7. Strategic Advice Beyond the Contract
We offer commercially minded legal advice that goes beyond paperwork—supporting your broader business goals and long-term plans.
What Our Clients Say.
Traditional Law Firms
- Approach: Formal and process-driven
- Fee Structure: Hourly billing, often unclear
- Client Access: Layers of communication, limited direct access
- Response Time: Slow and rigid timelines
- Service Style: One-size-fits-all legal advice
- Technology Use: Often outdated systems
- Focus Areas: Generalist legal services
- Client Experience: Transactional and formal
LegaFit Solicitors
- Approach: Commercially focused and client-first
- Fee Structure: Transparent fees with fixed-price options
- Client Access: Direct contact with experienced solicitors
- Response Time: Fast, responsive, and proactive
- Service Style: Tailored, business-specific solutions
- Technology Use: Modern tools for streamlined communication and document handling
- Focus Areas: Specialist in business sale, commercial, and IP law
- Client Experience: Personal, practical, and approachable
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Legafit Solicitors is authorised and regulated by the Solicitors Regulation Authority with SRA number 805490. Registered offices at 12 Hammersmith Grove, London, W6 7AP