Preparing to sell a business involves much more than finding a buyer. This practical checklist explains the legal steps sellers should take before negotiations begin, from organising contracts and documents to preparing for due diligence and completion.
Key Points Contracts do not always automatically transfer when a business is sold. What happens to contracts often depends on whether the sale is structured as an asset sale or a share sale. Customer contracts, supplier agreements, leases, finance arrangements, software licences and employment contracts…
