We make sure the sale agreement covers all key terms and protects you from future disputes.
Why Sell a Business via an Asset Sale?
• You may be selling the business itself, not the company (especially if you’re a sole trader or partnership)
• You can choose which assets and liabilities transfer
• Often used when selling part of a business or winding up the company afterwards
What We Do
1. Preparing for Sale
We:
• Help identify the assets being sold (stock, goodwill, equipment, contracts, etc.)
• Prepare Heads of Terms
• Draft a confidentiality agreement
• Check for third-party consents (e.g. landlords or key suppliers)
2. Drafting the Asset Purchase Agreement (APA)
We prepare and negotiate:
• The APA – the main legal document setting out what’s being sold
• Warranties – statements about the business
• Restrictive covenants – to prevent competition post-sale
• Apportionments – for rent, stock, prepayments, etc.
3. Dealing with Employees and Premises
If staff are transferring, we advise on your obligations under TUPE. We also help:
• Assign or terminate commercial leases
• Transfer utility contracts, licences, or other registrations
4. Completion and Post-Sale
We coordinate:• Completion and payment
• Handover of assets and keys
• Regulatory notifications
• Ongoing support where needed
Ready to sell your business?
Contact NA Legal for expert, friendly legal advice on your business sale.
________________________________________