Asset deals in commercial property cover the purchase or transfer of individual assets or portfolios of assets used in a business, rather than buying an entire company. A solicitor will coordinate due diligence on title, leases, contracts, intellectual property, stock and equipment; draft and negotiate an asset transfer agreement, assign or novate contracts, lease assignments, and any necessary registrations or consents; and manage completion mechanics, consideration payments and post‑completion filings. The process is shaped by title checks, planning restrictions, financing terms and any stamp duties or taxes.
What a solicitor handles in these matters
The solicitor handles title verification, due diligence on leases and contracts, cross‑border or multi‑asset considerations, drafting asset transfer documents, novations or assignments, handling financing and security interests, and ensuring proper post‑completion registrations and tax considerations.
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