A disclosure letter is a key document in many transactions, particularly business, asset and share sales. The seller provides this letter to assist with the buyer’s due diligence. It does this by outlining specific information which the buyer should know…
Are you a founder looking to take some risk off the table, without a liquidation event in sight? Have you got ample equity and want to cash in on your hard work? If so, it might be time for a…
Finding a buyer for a share sale can be a difficult and challenging process. A share sale is a different process than an asset sale (which involves a transfer of assets from one entity to another). This is because it…
Transferring shares is when a shareholder in the company sells their shares to an existing shareholder or third party. Shareholders transfer shares for three reasons, such as: if they no longer want to own shares in the company; reduce the…
When you are selling shares in your business, the buyer will want you to provide warranties to guarantee the value of the shares. Seller warranties (also known as vendor warranties) are promises you make about the shares. For example, that you…
When buying or selling shares in a private company it is important to enter into a share sale agreement to protect your interests. The share sale agreement sets out each party’s legal rights and obligations. The buyer can further reduce…
Download LegalVision’s How to Sell Your Business Guide – essential reading for any seller looking to understand the moving parts that will impact a successful sale. If you are considering selling your business, you need to decide whether you want to sell:…
Maggie Beer, the doyen of duck liver pate and vendor of verjuice, recently sold a minority stake in the business she began in 1979. The buyer, Primary Opinion Limited, paid $15 million for the minority share as part of a…
Taking over a company and business by purchasing its shares (instead of purchasing the assets) can lead to an easier transition. This is because the essential contracts with customers, suppliers and employees will stay in place. However, there are risks.…
In Part 1 of this series, we looked at: the basic items which are covered in a share sale agreement; each party’s obligations; and when to use a non-disparagement clause. In Part 2, we look at other important items in…
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