Question 1

What does a custom Sale of Business Assets Agreement include?

Accepted Answer

Your custom agreement will include:

• Detailed definition of assets being sold and liabilities being assumed
• Purchase price structure, adjustments, and payment mechanics
• Comprehensive representations and warranties
• Pre-closing and post-closing covenants
• TUPE provisions (where applicable)
• Closing conditions and deliverables
• Indemnification provisions
• Schedules for asset lists, allocation, and prorations

Each section is tailored specifically to your transaction structure, the nature of assets, and your risk allocation preferences.

Question 2

How quickly will I receive my agreement?

Accepted Answer

Standard delivery is within 3 business days. Express delivery (1 business day) is available for an additional fee.

After checkout, we'll send you a detailed questionnaire about the assets, liabilities, deal terms, and closing mechanics. Once you complete it, a UK solicitor will draft your agreement and deliver it in Word format for your review.

Question 3

Who will draft my Sale of Business Assets Agreement?

Accepted Answer

Your agreement will be drafted by a licensed UK solicitor experienced in corporate transactions and asset sales.

Our solicitors have extensive experience with:
• Business asset acquisitions and disposals
• Structuring purchase price adjustments
• Drafting representations and warranties
• TUPE compliance
• Closing mechanics and post-completion obligations

Your solicitor ensures every clause is appropriate for UK law and your specific transaction.

Question 4

What information do you need to draft my agreement?

Accepted Answer

After checkout, you'll complete an AI-powered questionnaire that asks about:

• Description of assets being sold (tangible, intangible, IP, contracts)
• Liabilities being assumed or excluded
• Purchase price and any adjustment mechanisms
• Completion date and conditions precedent
• TUPE considerations (if employees are transferring)
• Warranties, indemnities, and limitations
• Any special provisions or closing deliverables

The questionnaire is intelligent—it adapts based on your answers to ensure we capture everything needed.

Question 5

Are revisions included?

Accepted Answer

Yes, one round of amendments is included in the price.

If you need changes after reviewing your draft—whether to adjust warranties, modify completion mechanics, or add schedules—just let us know and your solicitor will revise the agreement at no extra cost.

Question 6

Can I speak with the solicitor if I have questions?

Accepted Answer

Yes, we offer optional solicitor consultations for complex questions or guidance on specific clauses.

While the base package includes drafting and one round of revisions, you can schedule a consultation call for advice on risk allocation, negotiation strategies, or implementation. Chat with us to arrange this.

Question 7

What makes this different from a template agreement?

Accepted Answer

Templates are generic and often miss critical provisions specific to your deal:

• Our agreements are custom-drafted by a solicitor who reads your answers and tailors every clause
• We adjust asset definitions, price mechanisms, and warranties to your transaction
• We include TUPE provisions only where applicable
• We draft schedules that match your actual asset list and allocation

This isn't a fill-in-the-blank form—it's a professional, bespoke agreement designed for your business sale.

Question 8

Will this agreement protect me from undisclosed liabilities?

Accepted Answer

Yes. Your agreement will include:

• Comprehensive seller representations and warranties
• Detailed disclosure schedules
• Indemnification provisions with caps and baskets
• Clear allocation of pre-completion and post-completion liabilities
• Provisions for tax liabilities and contingent obligations

Your solicitor will draft protections appropriate to your risk tolerance and the nature of the transaction.

Question 9

Can this cover TUPE (employee transfers)?

Accepted Answer

Yes, if employees are transferring with the business assets, we'll include TUPE-compliant provisions:

• Employee Liability Information requirements
• Transfer of employment terms
• Indemnities for employment-related claims
• Consultation obligations

Your solicitor will ensure the agreement complies with UK TUPE regulations.

Question 10

Does it comply with UK law?

Accepted Answer

Absolutely. Your agreement is drafted specifically for UK transactions by a UK solicitor.

We ensure compliance with:
• UK Companies Act requirements
• UK employment law (TUPE where applicable)
• UK tax law considerations
• Standard UK commercial transaction practices

The agreement will be enforceable in UK courts and follow UK legal conventions.

Question 11

What if I need to amend the agreement after completion?

Accepted Answer

We can assist with post-completion amendments or variation deeds if your deal terms change.

Contact us after your initial agreement is finalized, and we'll prepare the necessary documentation. This is handled as a separate project with a small additional fee.

Question 12

What happens after I receive the agreement?

Accepted Answer

After delivery:

1. Review the agreement and request any amendments (included in price)
2. Share the final agreement with the other party
3. Negotiate any changes with the buyer/seller
4. Sign the agreement at completion
5. Complete the transaction per the closing mechanics

Your solicitor provides implementation guidance so you know exactly what needs to happen at closing.

Custom Sale of Business
Assets Agreement

How it works

Form & Checkout

We Draft

Review & Finalize

Why This Sale of Business Assets Agreement Works

Deal‑Specific

Reps & Warranties

Closing Ready

IP & Assignments

Fewer Disputes

Amendments & Support

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Meet Your Expert Team

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Custom Sale of BusinessAssets Agreement