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Business Sale Agreements

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Lawdit Solicitors - Expert Author

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5 March 2009

Business Sale Agreement

Buying and selling a business can be a complex matter but the basic framework of areas to be considered remains largely the same.

The Agreement will need to contain clauses that deal with the following:

1. division of price between goodwill, equipment and stock

2. exclusion of assets retained by the seller

3. vat

4. apportionment of outgoings

5. manner of payment on completion

6. employees

7. transfer of any leasing or HP agreements

8. apportionment of liabilities

9. warranties

10. restrictive covenants

Inam Ali is a Solicitor at Lawdit specialising in commercial and intellectual property law and can be contacted at inam.ali@lawdit.co.uk


About the Author

Lawdit Solicitors offer services and advice for litigation, commercial contracts, Intellectual Property and IT legal agreements. We are experts in commercial law with a heavy emphasis on Intellectual Property, Internet and e-commerce law. Lawdit is a member of the International Trademark Association, the Solicitors' Association of Higher Court Advocates and we are the appointed Solicitors to the largest webdesign association in the world, the United Kingdom Website Designers Association.



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Article Published/Sorted/Amended on Scopulus 2009-03-13 11:50:31 in Legal Articles

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