Recommendations For Improving The Efficiency Of The Sale Process.
At the start of the sale process allocate responsibility for distribution of company information to potential purchasers to one person, and ensure an accurate audit trail is maintained. Ideally have a due diligence/disclosure pack.
Accurately identifying this information will make it easier to deal with the negotiation of the warranties in the sale contract, and assist in the disclosure exercise.
More importantly this pack will evidence what the buyer knew about the business prior to completion, and hopefully avoid a potential warranty claim.
See later blogs for further information on selling your business.
Should you wish to discuss the sale of your business further, please do not hesitate to contact BakerLaw’s Head of Company and Commercial Jonathan Craig at jonathan.craig@baker-law.co.uk or 01252 730 754
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