Don’t let legal pitfalls disrupt your share sale or purchase. Crombie Wilkinson’s team of company law solicitors can guide you through the process and draft a share purchase agreement that protects you.

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Share Sales and Purchases

Whether you’re looking at selling or purchasing company shares, it’s important to approach the process with caution, due diligence and a legal fine-tooth comb. When you acquire a business by buying shares, you potentially inherit all its liabilities and tax obligations, past and future. This could lead to disputes, which are fully avoidable with correct legal guidance.

Contact a Company Law Solicitor today.

What is a share purchase agreement?

Share purchase agreements (SPAs) are legal contracts between buyers and sellers. They define the terms and conditions of the transaction and ensure both parties have enforceable clauses.

It’s essential to craft an agreement that satisfies and protects both parties, or you can end up with major issues like significant financial losses, legal disputes and reputational damage.

Crombie Wilkinson Solicitors will work tirelessly to ensure you are legally protected and that liabilities are minimised.

Here are some areas we can handle:

  • Terms negotiation

We will use our vast negotiating experience to secure the most favourable terms for your contract, including payment terms. Read more about terms and conditions.

  • Compliance

Our team will ensure the SPA adheres to all relevant laws and regulations - from corporate governance to securities laws.

  • Warranties

Our team will draft and limit warranties to ensure you are adequately protected from potential risks.

  • Key terms

When drafting SPAs, we work to establish key terms in the agreement, working to ensure there is no ambiguity or differing interpretations and ensuring that you have adequate protection that continues after completion.

  • Set conditions precedent

We will make sure all relevant conditions, like regulatory approval, are stated clearly and satisfied before completion.

  • Confidentiality management

We will ensure that any sensitive information relevant to your company and intentions are protected throughout the process.

  • Thorough drafting and revision

We conduct due diligence before, during, and after the sale, ensuring party rights and obligations are established unambiguously.

  • Future proofing

We’ll use our expertise to anticipate potential future bumps in the road, and make sure they’re addressed in the agreement.

Read more about buying and selling businesses

Limited Companies (Ltd) versus other types of companies

Regulatory compliance differs for limited liability partnerships, limited companies and  PLCs.

Our legal guidance is based on the unique form and circumstances of our clients, and we endeavour to craft our services to them.

How Crombie Wilkinson can help with your share sale or purchase

Crombie Wilkinson Solicitors provide legal support and consultation throughout the sale or purchase process. Share sales and purchases are complex, but our company has handled many in the past, and will bring this experience to the table.

To discuss what company commercial legal advice you need for your business, please contact us or a member of our team: Ian, Richard or Kirsty.