Is your solicitor experienced in business sales?

Selling a business is a specialist task, and you need to choose your team of professionals accordingly. This is especially the case with your solicitor. You need one who is experienced in business acquisitions and sales, or the buyer’s solicitor is likely to tie you up in all sorts of unfair conditions and clawback provisions.

After all, your letting agency is very valuable to you, financially as well as emotionally. You need to make sure that your solicitor is experienced in the details and the pitfalls of selling a business, and can guide you in avoiding the common mistakes that sellers make.

Legal advice during a sale is not the place to cut costs. It may end up costing you far more in unfavourable conditions.

Legal advice and representation during the sale is not a service you should be excessively cutting costs on, as it may end up costing you a great deal more in unfavourable terms on the sale itself.

This matters most where the buyer is much larger than you, which is the subject of the next section.