Business Sales & Purchases
Are you involved in a business sale or business purchase? Or are you taking over a contract, or outsourcing part of your business? If so, handling employees under TUPE will always be an issue. With our many years of experience we can help you get the people aspects of the transaction right, and help negotiate the best possible deal.
Business Sales and Purchases
If you are involved in a business purchase or business sale, employees will always be a crucial part of the deal. As a purchaser, you will need to gain a clear understanding of the employment situation within the target business. For instance: how many employees are there; what do they do; how much are they paid; have there been any problems with them? We can make sure you know what you are getting into and that you are protected. Likewise, if you are selling, you will need to make sure that you are able to provide a purchaser with the comfort they require yet achieve a deal on the best possible terms. The TUPE Regulations will always be a consideration, giving staff important contractual and consultation rights which can be very costly to get wrong. We have years of experience providing exert assistance with:
- TUPE
- Negotiating deal terms
- Due diligence
Outsourcing
If you are outsourcing part of your business, or are involved in taking over a contract, you need to be aware of the complicated legal issues this will involve. You also need to make sure that you know what you are getting into with any contract, and that you are properly protected. The TUPE Regulations mean that in most cases staff will automatically be transferred and it will not always be able to make changes to their contracts. It may also be necessary to follow a consultation process, and it can be very expensive if you get this wrong. We can help you with:
- TUPE
- Consultation
- Contract negotiation and drafting
