Buying or Selling A Business
It is important that when either getting in or getting out of a business that all legal matters are dealt with appropriately and punctually.
Even transactions that on their face appear simple can present matters that require expert legal advice.
We act for landlords helping them protect their investment and tenants to ensure that they are getting a fair deal.
The law surrounding leases is complex and you should always obtain expert legal advice prior to entering into a lease, leases generally run for many years so you should understand what you are signing up to.
Business Finance Transactions
If you are lending money or borrowing money from an associate or relative correctly drafted documents are essential.
A correctly drafted loan agreement will contain terms that specify the parties’ rights against each other in sufficient detail so that those rights are recognised by a court. If a loan agreement is not drafted correctly the lender may miss out on interest, the repayment date may not be clear or the lender’s ability to call up the loan on default may not be enforceable.
Joint business owners should always enter into an agreement which carefully sets out exactly how each party relates to the other and what happens in a break down in the business relationship.
The best time to prepare such an agreement is at the start while everybody is on the same page and likely to agree on this important document.
Employers should use carefully drafted employment agreements to reduce the chance of disputes and costly litigation occurring and to ensure proper staff management.