I am buying a company or its assets - Southall

Buyers pay for future profit but inherit past problems. Legal due diligence exists to price and, where possible, contract out of that history.

• Legal due diligence across contracts, people and property
• Negotiating the sale and purchase agreement
• Completion, escrow and post-completion integration

What protections should a buyer insist on?

Warranties, specific indemnities for known risks, restrictive covenants and often a retention or deferred consideration.

Do employees transfer?

On an asset purchase, TUPE usually transfers employees automatically with their existing terms.

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