Once the contract has been negotiated, the parties can proceed to completion. At completion the buyer will become the legal owner of the business and the seller will receive the purchase price from he buyer, or at least part of it depending on the terms agreed. Our team of lawyers will look after our client's interests all the way through the transaction to completion.

The buyer will particulalry interested to ensure that all things necessary for the operation of the business will be transferred or done at completion so that the buyer will be able to keep the business going immediately after completion. These may relate to practicalities such as becoming a signatory to the company bank account and receiving keys to the premises or relate to the novation of contracts and reciving third party consents.

The seller will be keen to ensure that all liability relating to the business is ended at completion, which may include cancelling personal guarantees, receiving any final dividends of monies owed from the business etc.

Whether buying or selling a business, legal advice from a firm that specialises in corporate law is crucial. Our team of lawyers are experienced solicitors who have come to us from City and top regional firms to provide niche, sepcialist corporate advice at cost-effective prices.