When a business is sold and the sale is completed, the deal is not quite over. Often the sale agreement may contemplate ongoing obligations and in addition to these items, a Seller needs to tidy up their affairs post sale. Some of the more common post settlement matters that a Seller needs to consider include: …
Selling Your Business ‘After The Deal’ – Things to Consider After the Deal Is Done Read More »
In our earlier article, we set out the importance of identifying and reviewing key Contracts and Licences. As part of the business sale process it is likely that the transfer of key Contracts and Licences will be required to procure the sale of the business. Commonly referred to as “assigning” or “transferring”, the process to …
Selling Your Business ‘Doing the Deal’ – Assigning Key Contracts & Licences Read More »
In our previous articles, we have considered the key components that make up the assets being sold as part of a business sale. In addition to goodwill and plant and equipment, the Seller will need to focus their attention upon how they value and structure stock as part of the business sale. Stock is essentially …
Selling Your Business ‘Doing the Deal’ – Dealing with Stock Read More »
What is a Condition Precedent? Condition precedents or “subject to” conditions are common in business sale agreements. A condition precedent is a contractual condition that requires certain things happening or be satisfied before something else can occur. In the context of a business sale, conditions precedent are all of the things that must happen prior …
Selling your Business ‘Doing the Deal’ – Conditions Precedent Read More »
When selling a business, a Seller will need to consider various finance issues as part of the sale process. In another article we will set out some of the considerations that a Seller has in relation to discharging its own liabilities. In this article, we consider the issue of the Vendor providing finance to a …
Selling your Business ‘Doing the Deal’ – Finance Issues – Vendor Finance Read More »
In our earlier article we set out some of the key issues a Seller must consider when looking to sell their Business. In this article, we consider how you need to organise the assets for sale. Who Owns the Business Assets? The starting point is to confirm what structure you actually use to operate the …
Preparing Your Business For Sale – Who is the Seller and How Do They Sell? Read More »
Before you take your business to market for sale, there are a number of things you should do to “get your house in order” in particular, to ensure you have secured your good will. Employees form a large part of the goodwill being transferred to the purchaser of a business, primarily because employees have a …
Introduction – Disputes Among Shareholders In our earlier articles we set out the benefits of a Shareholders Agreement and how decisions can be controlled under a Shareholders Agreement. This article will be focused on the issue of disputes amongst shareholders and how they can be addressed as part of the Shareholders Agreement. The small business …
Shareholder Agreement Basics – Shareholders Agreement & Disputes with Shareholders Read More »
Introduction – Decision Making in a Shareholders Agreement In our earlier article we set out some of the details about why a Shareholders Agreement is useful and some of the key reasons to set up a Shareholders Agreement. This article will be focused on the issue of decision making under a Shareholders Agreement. The key …
Shareholder Agreement Basics (2) Shareholders Agreement – Decision Making Read More »
What is a Shareholders Agreement A Shareholders Agreement is an agreement between shareholders as to how they will operate and control a company together. It is the ‘road map’ which is set to govern the relationship of the parties and how they will behave towards each other before, during and at the end of that …
Shareholder Agreement Basics (1) What Is A Shareholders Agreement? Read More »
