Selling Assets in a Business

It may be that the buyer only wishes to buy some assets and the trading contracts rather than the entire company.

Alternatively, it may be that your business comprises different divisions and you want to sell off one aspect.

An asset purchase agreement would be appropriate and whilst you can expect to give warranties these would be less extensive than with a share purchase.

If the business transfers as a going concern and is identifiable afterwards as a similar entity it is likely that the employees employed in such aspect will transfer to the buyer at completion.

Where you have a company and only certain parts of the business are transferring, you would be left with the company and any liabilities that do not transfer to the buyer.
 

• © Furley Page LLP 2008
• | LLP
• | Terms and Conditions
• | Privacy Policy
• | Site Map
• | Accessibility