Employee Rights and Obligations When Buying or Selling a Business

If you're buying or selling a business that employs people, then you need to understand their rights and your obligations or you could face costly legal issues. 

How should you handle employees when buying or selling?

When a business or company changes hands, this will always have an impact on the employees.

If it’s a share sale we can help with;

  • Due diligence
  • Reviewing employment clauses in the documentation
  • Raising or answering queries in relation to the employee
  • Drafting Service Contracts and Settlement Agreements for senior staff
  • Redundancies or changes to contracts

If it’s a business or asset sale, we can also help with:

  • Advising on whether or not TUPE applies
  • If it does apply, helping you with your informing and consulting obligations, dealing with any questions raised by staff, producing the letters you will need to provide to staff, advising on the “employee liability information” to be provided by the Transferor

Making sure that employment issues are handled correctly is important to avoid any unwanted, expensive litigation. Independent and impartial advice in the early stages of a transaction can help you avoid these costs.

If you're wondering where to start get in touch for a free consultation.

"We have used Rayner Jones for employment law advice for several years.  They provide clear, practical and realistic advice and deal with any urgent matters very swiftly.  I would be happy to recommend Rayner Jones to employers looking for a friendly and reliable service."
288 Group

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