Briefing quick find:

Buying a business: The legal process – Major documents

We explain what the major documents are in the legal process of buying a business. Warranties, limitations and disclosure letter One of the main sections of the sale agreement deals with the warranties and indemnities. These are detailed statements by the seller about…

Buying a business: The legal process – Due diligence

We explain the due diligence process in our series of briefings about how to buy a business. Due diligence Once the parties have agreed the principal terms, you will begin investigating the target business. This process is called ‘due diligence’ and falls…

Buying a business: The legal process

We explain the legal process in our series of briefings about how to buy a business. Heads of agreement Once the parties have agreed a deal in principle, they will often draw up heads of agreement (also known as heads of terms, an…

Buying a business: Getting started

In this article, we explain how you get started on the road to buying a business. Finding a business The first step is to find a business to acquire. Often, the business will be one which the buyer has already dealt with. For…

Buying a business: Shares or assets?

Assuming the target business is operated through a company, there are two ways for you to acquire it: by buying the shares in the company from its shareholders, or by buying the assets of the business from the company. There are several differences…

Buying a business: Why buy?

This is the first in a series of articles about the legal process involved in buying a business. It is written from the perspective of the buyer. If, rather than buying, you are looking to sell your business, then please…

Partnership agreements for medical practitioners

A well-drafted partnership agreement is essential to establish a clear framework for the running of the practice and the relationship between the partners. Preparing the agreement can be complex and time-consuming but getting it wrong (or, worse still, no agreement…