Business Asset Purchase Agreements
A Business Asset Purchase Agreement is a legal contract used when one business purchases the assets of another business. At P.A. Duffy and Co, our legal professionals can guide you through the process, ensuring that your interests are protected, and that the transaction complies with all relevant laws and regulations.
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At P.A Duffy & Co Solicitors, we represent businesses in business asset purchases across Northern Ireland. Our commercial team are experienced, understanding and diligent and will work tirelessly on your behalf to secure a business asset purchase agreement that best suits you and your business.
What is outlined in a business asset purchase agreement:
• the terms and conditions of the asset sale
• the assets being transferred
• the purchase price
• payment terms
• representations and warranties
• various other important provisions.
How our solicitors can help
Our solicitors have a deep understanding of the legal framework and regulations related to business asset purchases. They can help you navigate complex legal issues and ensure that the transaction complies with all relevant laws.
Their legal expertise and guidance can help you avoid pitfalls, mitigate risks, and ensure that the transaction is conducted in a legally sound manner.
They will work proactively to progress your agreement without unnecessary delay and will stay in close touch to update you on the steps that are being taken. You will find us easy to contact if you have any questions or you need support from us at any time.
Speak to our solicitors in Dungannon and Belfast. For a consultation with one of our experts, call us on 028 87722102 (Dungannon/Belfast). We will talk through your situation with you and discuss what the first steps are in forming a business asset purchase agreement. We can also answer any questions you may have.
Alternatively, you can fill in our online Contact Form and we will ring you.
FAQs
What assets are typically included in a Business Asset Purchase Agreement?
Asset purchase agreements can include various assets such as stock and machinery, equipment, property, intellectual property (patents, trademarks, copyrights), customer lists, contracts, and other assets specific to the business being sold.
What is the purchase price, and how is it determined in a business asset purchase agreement?
The purchase price is the amount the buyer agrees to pay for the assets. It can be a lump sum or structured with payment terms. The price is determined through negotiation between the buyer and the seller.
How long does it take to complete a business asset purchase agreement?
The timeline for completing a business asset purchase agreement can vary widely depending on the complexity of the transaction, due diligence, negotiations, and regulatory approvals. It can take several months to close a deal.
What role does a solicitor play in a business asset purchase agreement?
Solicitors play a vital role in drafting, reviewing, and negotiating the asset purchase agreement. They ensure that the legal aspects of the transaction are properly addressed and help protect the interests of both parties.
How can I finance a solicitor’s assistance for a business asset purchase agreement?
We know that funding a business asset purchase agreement might be a worry, so we offer a range of options. These include:
• Legal expenses cover
• After the Event insurance (ATE insurance)
• Private payment
Book in for a consultation and we will be happy to discuss funding with you to find the best option for your circumstances.
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Our team of expert solicitors will be happy to assist you with your enquiry without any obligation to use our services. Contact us using your preferred method and we will gratefully assist.
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028 8772 2102Mon-Fri 9am-5pm
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Our Mergers and Acquisitions Solicitors
Kieran QuinnDirectorMore About Kieran
Emma McCaulSolicitorMore About Emma
Ellen BatesTrainee SolicitorMore About Ellen