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Business Sales

Solicitors play a crucial role in facilitating and ensuring a smooth business sale. At Mackenzie Jones, we offer over three decades of combined expertise and experience to help you navigate the complexities of a business sale.

Due Diligence

Identification of Legal Issues: Our team will conduct comprehensive due diligence to identify any existing or potential legal issues associated with the business. This includes reviewing contracts, agreements, litigation history, intellectual property rights, and compliance with regulations.

Risk mitigation will also be carried out. By uncovering potential risks, our business sale solicitors help in developing strategies to mitigate these risks, protecting the interests of both the buyer and the seller.

Sale Agreement

We will create a draft of the sale agreement, outlining the terms and conditions of the business purchase transaction. This includes details such as the purchase price, payment terms, representations and warranties, and any conditions precedent to the sale.

We can negotiate on behalf of our clients to ensure that the terms of the agreement are fair and favourable. They address issues raised during negotiations and work towards a mutually beneficial outcome.

Ensuring Compliance

Business sales often involve compliance with various legal and regulatory requirements. We will ensure that the transaction complies with local and industry-specific regulations, avoiding any legal complications post-sale.

If the sale requires regulatory approvals, we can guide the parties through the approval process and ensure that all necessary permissions are obtained.

Handling Funds

Our team often play a role in the handling of funds during a business sale. We can set up and manage an escrow account to hold the purchase price until all conditions of the sale are met.

We will ensure that payments are made in accordance with the agreed-upon terms and conditions and can also oversee the transfer of funds and assets between the parties.

Closing The Deal

We can coordinate the closing process, ensuring that all necessary documents are executed and delivered. Our team will work alongside other professionals, such as accountants and tax advisors, to finalise the financial aspects of the transaction.

Finally we will oversee the legal transfer of ownership, updating relevant registrations and ensuring that the buyer assumes control of the business seamlessly.

Post-Closing Matters

In the period following the sale, we can assist in resolving any issues that arise, ensuring that both parties fulfil their post-closing obligations.

Our team can also help in organising and maintaining proper documentation, which is crucial for any potential future legal inquiries or disputes.

Engaging experienced solicitors in a business sale is an investment to safeguard the interests of all parties involved and to ensure that the transaction adheres to legal standards and requirements.

If you are interested in selling your business, please contact Andrew Foley-Jones, Sara Parry and Holly Wilkes in our Commercial Team;;; and