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 Undertakings 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 law due diligence and help you understand the potential risks and liabilities that you face. We have acted for both employers and employees in TUPE cases, often with many employees involved, and are perfectly placed to help you deal with the issues. Don’t leave things to chance, or you may find your business facing large number of tribunal claims that could have been prevented.
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 help 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 [email protected] to speak to one of our TUPE expert employment law solicitors.