Business & Asset Transfer Agreements
Most people these days know about TUPE, but the ramifications are complicated, including on service provision changes, and legal advice is needed in almost every case. Deciding whether to make an acquisition as a pure asset purchase or buying the shares in the target company is an essential first step in many transactions.
Factors could include: Do you want to buy only selected assets or to avoid picking up identified or unknown liabilities? Are third party consents needed for assets or contracts to transfer? Does the seller have tax reasons for wanting to sell shares? Are other tax factors relevant to you? There is more to it than just that and our lawyers are experienced in advising on the implications.