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contact us North Berwick - 01620 892138
contact us Haddington - 01620 820982
contact us Dunbar - 01368 862746

Buying or Selling a Business Lawyers East Lothian

Buying or selling a business can be a complex and expensive process. If you are thinking of a company purchase or sale, you need to ensure you have an experienced professional team of advisers – including accountants and lawyers– with you from the start.

As an established firm in our community, we have extensive awareness of the local commercial property markets and strong relationships with firms operating in this sector. We combine this with our expertise in commercial property law to provide you with a high-quality, comprehensive service.

For advice and support with your business purchase or sale, contact our team today.

Business Lawyers in North Berwick, Dunbar and across East Lothian

Employment Issues

Employment contracts are a key concern when buying or selling a business. You will need to comply with the Transfer of Undertakings (Protection of Employees) Regulations (TUPE), which safeguards your employee’s rights. This is a complex area of law. We can support you through the process and advise on how best to minimise risk and cost.

Restrictive Covenants

Most business sale contracts will include terms that prohibit the seller from setting up a competing business within a specific location and timeframe. Restrictive covenants must be carefully considered to balance the interests of both the buyer and seller.

Heads of Agreement

The Heads of Agreement include the fundamental terms that the buyer and seller have agreed on, such as the price, what is included in the sale and details of warranties and indemnities. These terms must be negotiated with care and the document properly drafted to ensure each party’s position is clear and to avoid future disputes. 

Due diligence

Due diligence is carried out to identify any unexpected issues with the business. It is an essential aspect of the transaction for both parties. Our lawyers can take responsibility for this and ensure it is carried out thoroughly.

Sale of goodwill

Goodwill refers to the value of the business’s reputation. It is a difficult asset to quantify; however, it is a crucial part of the company you are buying or selling, so our lawyers will make certain it is calculated accurately.

Commercial property purchase

There are many legal and practical issues involved in buying a business premises. Our commercial property lawyers will guide you through the process, with a strong focus on your business objectives, desired timescale and budget. 

Commercial property leases

Leasing commercial property is a big commitment but can offer significant financial reward. From finding the right property to completing the deal, we will support you at every stage.

Contact our Business Lawyers in North Berwick, Dunbar and Haddington, East Lothian

To discuss buying or selling a business with our legal team, please contact us online  or telephone one of our offices: North Berwick 01620 892138; Haddington 01620 820982; or Dunbar 01368 862746.

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North Berwick - 01620 892138
Haddington - 01620 820982
Dunbar - 01368 862746

Contact our approachable, reliable and experienced lawyers.

We understand the importance of getting to know you and our legal services will be individually tailored to meet your needs and resources. We are happy to act for both individuals and businesses.