Transfer of Existing Businesses

Commercial property transactions, whether disposals, acquisitions or leasehold transactions often involve the transfer of an existing business as a going concern.

Whilst the opportunity to purchase a ‘ready-made’ business or to sell an existing business can bring substantial rewards, there are potential pit-falls and it is important that contracts are comprehensive and binding and that legislation is complied with.

Many business sales fall under the Transfer of Undertakings (TUPE) regulations and our team can offer advice on your obligations under this and other legislation and any additional contractual requirements.

As each transfer of a business is unique it is important to have correct legal advice at the earliest opportunity, to ensure that the transfer goes smoothly and that any associated property transactions can be tied in to a timescale to suit you.

If you have any queries relating to the sale of a business, whether linked to a commercial property transaction or not, then please do not hesitate to contact our team who can advise you on any aspect of the transaction.