Share and Purchase Sales solicitors in London
Share purchase and sales transactions are complex and require careful planning, drafting and legal expertise. Every situation is different, so it is always best to speak with a professional early in the process.
Call our team of expert Share and Purchase Sales Solicitors now for a no-obligation initial consultation, or visit our online enquiry form.
How can Blacks Legal help you?
There are several steps involved in buying or selling shares of a company, but at Blacks Legal, we are confident that our team can help you from those early negotiations right until completion.
Each stage is important, and it is crucial to have an expert on your side to help you throughout. Along the way, our team can help you with:
● Negotiation
● Due diligence
● Heads of terms
● Non-disclosure agreements
● Share purchase agreement
● Warranties
What is involved in share and purchase sales?
The process may differ slightly for each situation, but it will likely always involve negotiation, creating a Heads of Agreement, due diligence, warranties and the Share Purchase Agreement itself.
Heads of Terms
The Heads of Terms document is one of the first agreements the parties involved will agree on. Within this, the shares involved in the transfer, their price and any other mutually agreed on terms at this early stage will all be detailed.
Usually, Heads of Terms are not legally binding as they are created early in the process, but this has to be stated within the document. Along with this statement, other exemptions, such as a 'lock-out' clause, can also be included. This allows the buyer to carry out all due diligence without the seller negotiating with other parties.
Due Diligence
Performing due diligence on any business you are purchasing sales from is crucial. It allows the buyer to examine the business in detail, including accounts, contracts and other relevant documents, before agreeing or making a final offer.
Our team at Blacks Legal can help you prepare set questions to enquire about the business and its current affairs helping to create a full picture for you before you commit yourself to a legally binding contract. This element of negotiation can be time-consuming, but involving experts can speed it up and ensure you have all the information needed to make an informed decision.
You can find out more information about Due Diligence here.
Warranties
Warranties often follow the due diligence process, as what the buyer finds through due diligence is likely to be required to be included in a warranty. The warranties are statements from the seller ensuring the buyer that the company's affairs are as discussed, that the seller has the legal right to sell the shares, and the finer details of the company's operations are as stated, including the property owned and the nature of the employees' contracts.
Share Purchase Agreement
The Share Purchase Agreement, in its first draft, will look similar to the Heads of Terms agreement but with added considerations such as when the price for the shares is to be paid, the warranties to be included and other considerations that have been considered through negotiating and re-drafting the share purchase agreement.
For more information on Share Purchase Agreements, visit our further information page.
If you are looking to buy or sell shares in a business, it is important to know your position at every stage to protect your interests. We understand that the process can be stressful and lengthy, but we will always keep you informed in a way that works for you.
Why choose us?
At Blacks Legal, our experienced team of Commercial Business Solicitors provide trusted advice to those interested in buying or selling shares in a company. We focus on our client’s goals and how we can help them achieve just that.
Our teams take pride in our efficiency and professionalism, providing the professional service you expect with a personal touch, aiming to help you along every step of your commercial journey.
Commercial Solicitors London, Essex, Hertfordshire & Kent
If you need advice on buying or selling shares, it is always best to have a dedicated team helping you achieve your goals and meet your needs.
Contact our experienced team today here, or contact us on 020 3500 7471.