Are you buying or selling a business? Are you bidding for a large contract for services? Have you factored employment liabilities into the price?
The employment law around sales and transfers of businesses is complex and often counter-intuitive. Failing to price the potential liabilities into a deal can be an expensive mistake, and could lead to a deal failing the due-diligence process. TUPE (Transfer of Undertaking and Protection of Employees) regulations can mean that staff automatically transfer from the old to the new provider when a contract for services is put out to tender – an unpleasant surprise if the new provider hasn’t done their homework.
At Backhouse Solicitors we are experts on the employment law of sales and purchases. If you are buying or selling a business, we can advise you what to look out for, perform the employment due diligence and help you understand the potential risks and liabilities that you face.
The benefits for your business:
- As a business buyer, understanding potential employment liabilities will avoid you paying too much
- As a business seller, structuring the deal the right way will help you achieve the best price
- If you are bidding for a major contract, understanding TUPE will avoid “winning” unexpected staff and liabilities along with your new work
Don’t let this complex area of law catch you out - contact us on 01245 893400 or email info@backhouse-solicitors.co.uk to speak to one of our expert solicitors.