Business Sales & Purchases

An Asset Purchase Agreement (or Asset Sale Agreement) lists all the business assets to be transferred to the buyer, including tangible assets, such as stock, plant and machinery. It can also include a transfer of goodwill, customer contracts and supplier contracts.

The seller’s aim is to ensure that the buyer also takes on any business liabilities.

The buyer’s aim is to ensure that they don’t take on liabilities unless they’ve had full disclosure, and protection in the form of suitable warranties. The buyer will also want the agreement to secure all assets needed to run the business.

Your decision whether to make a ‘share transfer’ or an ‘asset transfer’ will be driven by a number of important factors, including tax considerations.

We can guide you through this process with clear, no-nonsense legal advice, ensuring that you make the right decisions for your business.