Buying or Selling a Business

Buying or selling a company can be daunting for business ownersHowat Avraam Solicitors have extensive experience advising both buyers and sellers on all aspects of share and asset sales

  • Preparing your company for sale
  • Negotiating deal structure and drafting term sheets
  • Non-disclosure, confidentiality and exclusivity agreements
  • Due diligence and disclosure exercises
  • Sale and joint venture documentation
  • Transitional services arrangements
  • Reviewing employee & director service contracts

Buying a company or entering into a joint venture is always a significant investment for a business.  It is therefore essential for a buyer to identify early where the areas of risk in relation to a target business lie and to ensure that there are no skeletons in the closet before it is too late to change their mind.

From a seller’s point of view, it is important to know in advance what aspects of the business a potential buyer would be looking at so that the company is prepared for a sale and is ready to respond to any enquiries and address any concerns.

Howat Avraam assists its clients throughout the sale process, from negotiating the terms of the deal at the outset right through to updating the company’s records following completion.  Even if a sale isn’t on the horizon, we work with our clients to implement best practice procedures across all aspects of their businesses so that they are prepared if an opportunity should arise.

Selling the company that I founded 20 years ago was a stressful experience but Matthew, Niki and their team couldn’t have done more to ease the process.  Their personal and no-nonsense approach demystified the legal process and got the job done with minimal fuss.

Stephen Alford – Founder and former owner of Quality Clinical Reagents Limited

Show more Show less

OUR EXPERTISE

log off icon Examples of our work
Preparing your company for sale
If a sale is on the horizon, we can carry out a corporate governance and contractual review of your business to ensure that the company records and contracts are all in order so that the company...more

is ready to undergo the due diligence process.

Less
Company Sale & Purchase
We advise on deal structure and procedure when buying a competitor, merging with another company or transferring ownership to a third party. It is fundamental in all transactions that...more

 the legal ownership of the assets or shares is properly transferred and that the terms on which the transfer takes place are clearly recorded.  Wherever possible, areas of risk must be identified early and the necessary protections included in the transaction documents.

Less
Shareholders’ Agreements
A bespoke Shareholders’ Agreement ensures a clear contractual framework between the directors and shareholders to ensure common intentions and a strategy in case...more

 these intentions start to differ. Having invested so much time and money into a business, there is simply no benefit to leaving matters to chance and a bespoke Shareholders’ Agreement will comprehensively deal with issues such as managing disagreement, 50:50 deadlock, decision making powers, restrictions on share transfers, funding, company sale issues and exit strategies.

A good business idea and a profitable business can stand for nothing if the internal relationships between the directors and shareholders break down. When this happens, mistrust and disputes often start to surface, which, if not dealt with quickly, can cause huge harm to ongoing trade and a company’s value.

Less
Investment and Share Issue
Whether to raise funds internally or to introduce a new investor into a business we advise not only on the process to be followed but, more importantly, on the decision itse...more

lf as (amongst other things) the issuing of new shares can have the effect of diluting existing shareholdings, which can lead to claims of shareholder prejudice. Care must be taken as to the process and the underlying arrangement of any share issue or investment opportunity.

Less
Commercial Contracts
We draft our clients’ Commercial Contracts and advise clients on Contracts that they’re asked to sign with other commercial parties. Our clients need not take avoidable...more

 and potentially costly risks in the course of business by signing up to onerous terms which, with our expert guidance, could be amended or avoided completely.

Less
Decision-making & Resolutions
Limited Companies principally make decisions either at board level (by directors) or at general meeting (by shareholders), depending on the nature of the decision being ma...more

de. These meetings must be minuted and any decisions made (generally referred to as “Resolutions”) must be formally recorded. Failure to do so is a breach of the Companies Act 2006.

 

Limited Liability Partnerships operate by reference to both the Limited Liability Partnerships Act 2000 as well as any Partnership Agreement in place. As with Limited Companies, strict compliance is required in order to avoid dispute or disruption to the business.

Less
Terms & Conditions
We draft and advise clients on their Terms & Conditions to ensure a clear legal entitlement to either payment or appropriate remedy for non-performance. We also work alon...more

gside our commercial clients in establishing best practice to ensure that their Terms & Conditions bind to their contracts and take precedence over those of the other contracting party.

Less
Employee & Director Contracts
A thoughtfully drafted employment contract or directors’ service agreement provides much needed protection for a company by ensuring clarity on each party’s rights and...more

obligations. They can also impose the necessary restrictions during and post-employment in order to safeguard the business.

 

These restrictions include enhanced notice periods to allow for a suitable replacement as well as the restrictive covenants required to protect a company’s competitive edge, including its client relationships, supplier details and all confidential information.

Less
How our Clients rate us?

5.00 Average

6 Reviews

Kirsty M

Niki Avraam is a superb employment lawyer and has given us very good advice over the years. As a firm they are astute, commercially aware people who demonstrate care and professionalism in all that they do.

Posted 5 months ago

Anonymous

I am very pleased with the service from Howat Avrraam Solicitors. Frezyderm UK

Posted 6 months ago

Sally S

Niki was a wonderful support at a time I really needed expert legal advice. She ensured a fair outcome and was always available for discussions about my case. I can't recommend Niki highly enough.

Posted 7 months ago

Chris A

I needed urgent legal support on an employment settlement aggreement and their swift response and concise professional opinion and recomendation really took the pressure off.

Posted 8 months ago

Graham H

Howat Avraam Solicitors’ proposition to effectively be our in-house legal team was precisely what we needed as a start-up company. From Company registration to a Shareholders’ Agreement, Company Secretarial duties, advice on Board structure, commercial contracts from office leases to aircraft acquisition and, remarkably, Directors’ and Staff employment contracts, all under one roof! They are totally professional and easy to deal with and I believe that this is the future of legal support. I cannot recommend them highly enough.

Posted 9 months ago

Steve A

Selling the company that I founded 20 years ago was a stressful experience but Matthew, Niki and their team couldn’t have done more to ease the process. Their personal and no-nonsense approach demystified the legal process and got the job done with minimal fuss.

Posted 9 months ago

About Us

business

Business focused

Our values place commercial decisions at the fore. Our clients appreciate us giving straight answers and solutions for their business.

Show more Show less