Hassle-free help from the UK's best Commercial solicitors.
Transparent pricing, from start to finishGet the support you need, when you need itTrusted lawyers, clear expectations
Transparent pricing, from start to finishGet the support you need, when you need itTrusted lawyers, clear expectations
Amazing experience
After placing an enquiry, I received a call 20 minutes later, and then 2 hours later, I had a solicitor assigned to me. They were absolutely incredible right from the word go - amazing and very prompt with replies, answering all my questions and keeping the process moving. We finally completed today and I am so unbelievably happy. I wouldn’t hesitate to use Lawhive again in the future if needed.
Lily
First class service
I initially made an online enquiry about a tricky conveyancing matter and received an immediate call back. They understood straight away what was needed and gave me a quote that was very reasonable. It was such a pleasure to find someone who was cheerful, professional and completely reassuring as I’d been getting quite anxious about the sale of my house. The service Lawhive has provided is absolutely first class and I cannot recommend them enough.
Charles
Empathetic, professional and efficient
I am an executor, selling my mother's home. I found the assistance I received from Lawhive first rate - empathetic, professional and efficient.
Mark
Great service from Lawhive
We used Lawhive for our conveyancing needs and our solicitor was very helpful, patient and informative. She helped us with our needs with prompt responses and provided a very efficient service.
Kelvin
Great service when you need clarity and calm
Our solicitor was warm, friendly and provided crystal clear communication. A lot of conveyancers assume customers know everything about the process already, so it was really appreciated to hear each stage included in the price given.
Em
Quick and efficient
We used Lawhive for a transfer of property and conveyancing. Our solicitor was so helpful and thorough with the whole process. He responded quickly and efficiently to any questions or requests that we had and explained some of the more complicated issues regarding the process clearly.
Geri
Fantastic service and experience with Lawhive
I had the pleasure of working with Lawhive doing a transfer of equity on a property. Our solicitor’s service was amazing, she responded quickly to any questions or concerns and kept me updated throughout the process. I can strongly recommend her for any conveyancing work that you may need. Fantastic service all round.
Jane
Amazing experience
After placing an enquiry, I received a call 20 minutes later, and then 2 hours later, I had a solicitor assigned to me. They were absolutely incredible right from the word go - amazing and very prompt with replies, answering all my questions and keeping the process moving. We finally completed today and I am so unbelievably happy. I wouldn’t hesitate to use Lawhive again in the future if needed.
Lily
First class service
I initially made an online enquiry about a tricky conveyancing matter and received an immediate call back. They understood straight away what was needed and gave me a quote that was very reasonable. It was such a pleasure to find someone who was cheerful, professional and completely reassuring as I’d been getting quite anxious about the sale of my house. The service Lawhive has provided is absolutely first class and I cannot recommend them enough.
Charles
Empathetic, professional and efficient
I am an executor, selling my mother's home. I found the assistance I received from Lawhive first rate - empathetic, professional and efficient.
Mark
Great service from Lawhive
We used Lawhive for our conveyancing needs and our solicitor was very helpful, patient and informative. She helped us with our needs with prompt responses and provided a very efficient service.
Kelvin
Great service when you need clarity and calm
Our solicitor was warm, friendly and provided crystal clear communication. A lot of conveyancers assume customers know everything about the process already, so it was really appreciated to hear each stage included in the price given.
Em
Quick and efficient
We used Lawhive for a transfer of property and conveyancing. Our solicitor was so helpful and thorough with the whole process. He responded quickly and efficiently to any questions or requests that we had and explained some of the more complicated issues regarding the process clearly.
Geri
Fantastic service and experience with Lawhive
I had the pleasure of working with Lawhive doing a transfer of equity on a property. Our solicitor’s service was amazing, she responded quickly to any questions or concerns and kept me updated throughout the process. I can strongly recommend her for any conveyancing work that you may need. Fantastic service all round.
Jane
It shouldn’t take a law degree to find the right legal service for you. With Lawhive, you can get legal help in just a couple of steps.
Answer a few questions on our site and instantly speak to a member of our team for a quote or request a callback at a time you choose.
We’re always open about our fees, so you’ll never pay more than you’re expecting.
Our lawyers are carefully selected for their expertise and experience, so you’re always in safe hands.
01 overview
When it comes to selling assets, seeking legal advice is essential. Our team of asset sale solicitors can guide you through the full process and help protect you and your business. Here are just a few ways our team of experts can help:
| Drafting asset purchase agreements (APA) | An asset purchase agreement is essential for a business. Your solicitor will negotiate the terms of the purchase agreement. They can reach an agreement over terms such as any warranty of the product and any post-sale obligations of the buyer. |
| Conducting due diligence | Due diligence can help the buyer to be aware of any hidden liabilities or issues with the assets. This can prevent any costly mistakes or problems down the line. For example, there could be outstanding loans on the asset that the buyer will then be liable for post-sale. |
| Handling regulatory compliance | Your asset sale solicitor can ensure the transaction complies with all relevant regulations. They will look at environmental regulations to make sure the product or service complies. They will also be aware of any current industry-specific rules and employment laws that the client will need to comply with. |
| Resolving disputes | Disputes can occur during the asset sale between the seller and the purchaser. Our solicitors can help to resolve things like asset valuation disputes, breaches of APA and more. |
Lawhive offers a unique service, unlike a traditional law firm. We have a network of lawyers and can pair you with the right, licensed asset sale solicitor for your case. Here are just a few reasons you might like Lawhive:
In general, the cost for an asset sale solicitor will vary from case to case. However, you might expect to pay for different services depending on if you're a buyer or seller.
When you are selling a business asset, you'll have to pay the following to the solicitor for the sale of the commercial asset:
When you want to buy an asset from a company, you'll likely have the following costs:
The legal process for selling an asset isn't as complicated as it first seems. Here's a step-by-step of the legal process:
The asset valuation is undertaken by a professional who will offer a true value of the purchase. This is important to make sure that the seller achieves a fair market value of the product. Asset tracing can also occur by the solicitor to help look into the assets of the business.
The APA protects both parties and legally states the terms of the sale. The key elements of the APA include:
Due diligence can help discover any potential issues which could delay the sale. The buyer’s legal team will investigate the asset and look at the condition, any warranty in place and any contracts around the asset. It will also highlight any associated liabilities such as outstanding loans. Due diligence is also essential for the seller to help protect them from the sale.
The asset sale must comply with the industry-specific regulations. For instance, if the asset is in the finance industry, there may be specific taxes that have to be paid before the sale. Licensing requirements may also be in place, particularly with healthcare or energy.
When it comes to buying a business, the asset purchase comes in two different forms:
Tangible assets are the physical assets of a company that can be sold:
Intangible assets are non-physical products that a business can sell:
A share sale is where a business sells shares of their business. This means that the buyer of these shares owns their share of the assets of the business and any liabilities of the company. When it’s an asset sale, the buyer is purchasing just that specific asset, whether it’s a property or a piece of equipment. They aren’t accountable for any other liabilities of the company.
If you're in need of an asset sale solicitor, we're here to help. Our team of lawyers can provide expert advice on all elements of the buying and selling process. They can also help those purchasing to make sure they stay within the law with the transaction. Get started today for an instant fixed feed quote!
With straightforward pricing - so you know exactly what to expect at every step.
