This area covers the sale of businesses with the associated property interests, typically where a business is sold together with the freehold or leasehold premises. A solicitor drafts or negotiates the sale agreement, conducts due diligence on the business and its assets, prepares the contract and any conveyancing documents, reviews leases and licenses, liaises with the other side, and handles registrations at the Land Registry, Stamp Duty considerations, and any necessary releases or guarantees. The process is shaped by contract law, property law, and commercial considerations in a business sale context.
What a solicitor handles in these matters
The solicitor handles complex tasks such as drafting and negotiating the sale contract and schedules, negotiating warranties and indemnities, coordinating the transfer of the business and the property, and managing the interplay between business and property elements to avoid gaps in liability or title. They deal with commercial brokers, buyers, sellers, lenders, and professional advisers, and ensure registrations, filings, and any necessary consents occur before completion.
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