Ads Archives - Franklins Solicitors https://www.franklins-sols.co.uk/faq_category/ads/ Tue, 19 May 2026 09:22:00 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.5 When should I instruct a solicitor? https://www.franklins-sols.co.uk/insights/faqs/when-should-i-instruct-a-solicitor/ Thu, 07 May 2026 15:00:29 +0000 https://www.franklins-sols.co.uk/?post_type=avada_faq&p=12432 You should instruct a solicitor before heads of terms are signed. Heads of terms set the commercial framework for the deal and many points are difficult to renegotiate later. Getting legal input early protects your position throughout.

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]]> You should instruct a solicitor before heads of terms are signed. Heads of terms set the commercial framework for the deal and many points are difficult to renegotiate later. Getting legal input early protects your position throughout.

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]]> Do you offer fixed fees? https://www.franklins-sols.co.uk/insights/faqs/do-you-offer-fixed-fees/ Thu, 07 May 2026 15:00:15 +0000 https://www.franklins-sols.co.uk/?post_type=avada_faq&p=12430 Where the scope is clear we offer fixed fees. For more complex acquisitions we agree an estimate range with capped hourly rates and provide regular updates.

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]]> Where the scope is clear we offer fixed fees. For more complex acquisitions we agree an estimate range with capped hourly rates and provide regular updates.

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]]> What warranties should I expect from the seller? https://www.franklins-sols.co.uk/insights/faqs/what-warranties-should-i-expect-from-the-seller/ Thu, 07 May 2026 15:00:00 +0000 https://www.franklins-sols.co.uk/?post_type=avada_faq&p=12428 A standard set of warranties about the business, its accounts, contracts, employees, intellectual property, property, tax position and compliance. We negotiate the scope and limitations to give you proper recourse if something turns out to be wrong.

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]]> A standard set of warranties about the business, its accounts, contracts, employees, intellectual property, property, tax position and compliance. We negotiate the scope and limitations to give you proper recourse if something turns out to be wrong.

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]]> How long does an acquisition take? https://www.franklins-sols.co.uk/insights/faqs/how-long-does-an-acquisition-take/ Thu, 07 May 2026 14:59:45 +0000 https://www.franklins-sols.co.uk/?post_type=avada_faq&p=12426 Most SME acquisitions complete within three to six months of heads of terms. Timing depends on due diligence findings, third party consents, finance arrangements and the seller's response times.

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]]> Most SME acquisitions complete within three to six months of heads of terms. Timing depends on due diligence findings, third party consents, finance arrangements and the seller’s response times.

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]]> What does legal due diligence involve? https://www.franklins-sols.co.uk/insights/faqs/what-does-legal-due-diligence-involve/ Thu, 07 May 2026 14:59:31 +0000 https://www.franklins-sols.co.uk/?post_type=avada_faq&p=12424 A structured review of the target's contracts, employees, intellectual property, property, regulatory compliance, litigation history and corporate records. We produce a clear report focused on the issues that affect your decision to buy and the price you are prepared to pay.

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]]> A structured review of the target’s contracts, employees, intellectual property, property, regulatory compliance, litigation history and corporate records. We produce a clear report focused on the issues that affect your decision to buy and the price you are prepared to pay.

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]]> Should I buy shares or assets? https://www.franklins-sols.co.uk/insights/faqs/should-i-buy-shares-or-assets/ Thu, 07 May 2026 14:59:13 +0000 https://www.franklins-sols.co.uk/?post_type=avada_faq&p=12422 A share purchase involves buying some or all of the shares in a company, meaning you acquire ownership of the business together with its assets, contracts and liabilities. An asset purchase allows you to select specific assets and liabilities you want to take on. The right structure will depend on factors such as tax, liabilities, [...]

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]]> A share purchase involves buying some or all of the shares in a company, meaning you acquire ownership of the business together with its assets, contracts and liabilities. An asset purchase allows you to select specific assets and liabilities you want to take on. The right structure will depend on factors such as tax, liabilities, third party consents, commercial objectives and the seller’s preferences. We advise on both structures and work alongside your accountant or tax advisor to help you make the right choice.

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]]> Will I need to give personal warranties? https://www.franklins-sols.co.uk/insights/faqs/will-i-need-to-give-personal-warranties/ Thu, 07 May 2026 11:38:24 +0000 https://www.franklins-sols.co.uk/?post_type=avada_faq&p=12402 Most SME share sales involve personal warranties from the selling shareholders. We negotiate caps (often a percentage of the sale price), time limits, knowledge qualifications and exclusions so your exposure is proportionate to the deal and the consideration you are receiving.

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]]> Most SME share sales involve personal warranties from the selling shareholders. We negotiate caps (often a percentage of the sale price), time limits, knowledge qualifications and exclusions so your exposure is proportionate to the deal and the consideration you are receiving.

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]]> What are warranties and indemnities? https://www.franklins-sols.co.uk/insights/faqs/what-are-warranties-and-indemnities/ Thu, 07 May 2026 11:38:10 +0000 https://www.franklins-sols.co.uk/?post_type=avada_faq&p=12400 Warranties are statements about the business that the buyer relies on, for example that the accounts are accurate or that there is no undisclosed litigation. If a warranty turns out to be wrong, the buyer can claim damages. Indemnities are pound for pound recovery rights for specific known risks. We negotiate the scope of both, [...]

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]]> Warranties are statements about the business that the buyer relies on, for example that the accounts are accurate or that there is no undisclosed litigation. If a warranty turns out to be wrong, the buyer can claim damages. Indemnities are pound for pound recovery rights for specific known risks. We negotiate the scope of both, and prepare the disclosure letter that limits your exposure to warranty claims.

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]]> What is a Share Purchase Agreement? https://www.franklins-sols.co.uk/insights/faqs/what-is-a-share-purchase-agreement/ Thu, 07 May 2026 11:37:55 +0000 https://www.franklins-sols.co.uk/?post_type=avada_faq&p=12398 A Share Purchase Agreement (SPA) is the contract that transfers ownership of a company from the seller to the buyer. It sets out the price and any price adjustments, warranties, indemnities, restrictions on the seller after completion and the mechanics for handing over the business. The SPA is usually the most heavily negotiated document in [...]

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]]> A Share Purchase Agreement (SPA) is the contract that transfers ownership of a company from the seller to the buyer. It sets out the price and any price adjustments, warranties, indemnities, restrictions on the seller after completion and the mechanics for handing over the business. The SPA is usually the most heavily negotiated document in a share sale.

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]]> How long does it take to sell a business? https://www.franklins-sols.co.uk/insights/faqs/how-long-does-it-take-to-sell-a-business/ Thu, 07 May 2026 11:37:39 +0000 https://www.franklins-sols.co.uk/?post_type=avada_faq&p=12396 Most SME sales complete within three to six months of heads of terms. Larger or more complex deals take longer. The biggest variables are due diligence findings, third party consents required (landlords, suppliers, key customers) and the buyer's finance arrangements.

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]]> Most SME sales complete within three to six months of heads of terms. Larger or more complex deals take longer. The biggest variables are due diligence findings, third party consents required (landlords, suppliers, key customers) and the buyer’s finance arrangements.

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