FAQs Archive - Franklins Solicitors https://www.franklins-sols.co.uk/insights/faqs/ Tue, 08 Sep 2026 13:52:14 +0000 en-GB hourly 1 https://wordpress.org/?v=7.1 What other options may be available for funding my legal advice? https://www.franklins-sols.co.uk/insights/faqs/what-other-options-may-be-available-for-funding-my-legal-advice/ Tue, 08 Sep 2026 13:52:14 +0000 https://www.franklins-sols.co.uk/?post_type=avada_faq&p=13003 Some home insurance, motor insurance or packaged bank account policies may provide legal expenses insurance. It may therefore be worth checking any existing policies you have to see if they provide legal expenses insurance that cover the type of claim you are seeking advice on. Alternatively, if you are in the process of negotiating a [...]

The post What other options may be available for funding my legal advice? appeared first on Franklins Solicitors.

]]> Some home insurance, motor insurance or packaged bank account policies may provide legal expenses insurance. It may therefore be worth checking any existing policies you have to see if they provide legal expenses insurance that cover the type of claim you are seeking advice on.

Alternatively, if you are in the process of negotiating a Settlement Agreement with your employer, whilst it is not a strict legal requirement, many employers will offer a contribution to your legal fees in the region of £350 + VAT – £500 + VAT. It may therefore be worth discussing this with your employer to understand the value, if any, of the contribution your employer may be willing to make to your legal fees. Please do note however, this is intended to be a contribution only in most cases, rather than covering the full legal fees.

The post What other options may be available for funding my legal advice? appeared first on Franklins Solicitors.

]]> Do you offer any ‘no win, no fee’ arrangements? https://www.franklins-sols.co.uk/insights/faqs/do-you-offer-any-no-win-no-fee-arrangements/ Tue, 08 Sep 2026 13:48:34 +0000 https://www.franklins-sols.co.uk/?post_type=avada_faq&p=12994 No, our fees are charged on a time spent basis, at the relevant team member’s hourly rate. You shall be provided with a fee estimate at the point of instruction, and at various points subsequently throughout your matter, as required.

The post Do you offer any ‘no win, no fee’ arrangements? appeared first on Franklins Solicitors.

]]> No, our fees are charged on a time spent basis, at the relevant team member’s hourly rate. You shall be provided with a fee estimate at the point of instruction, and at various points subsequently throughout your matter, as required.

The post Do you offer any ‘no win, no fee’ arrangements? appeared first on Franklins Solicitors.

]]> 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.

The post When should I instruct a solicitor? appeared first on Franklins Solicitors.

]]> 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.

The post When should I instruct a solicitor? appeared first on Franklins Solicitors.

]]> 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.

The post Do you offer fixed fees? appeared first on Franklins Solicitors.

]]> 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.

The post Do you offer fixed fees? appeared first on Franklins Solicitors.

]]> 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.

The post What warranties should I expect from the seller? appeared first on Franklins Solicitors.

]]> 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.

The post What warranties should I expect from the seller? appeared first on Franklins Solicitors.

]]> 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.

The post How long does an acquisition take? appeared first on Franklins Solicitors.

]]> 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.

The post How long does an acquisition take? appeared first on Franklins Solicitors.

]]> 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.

The post What does legal due diligence involve? appeared first on Franklins Solicitors.

]]> 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.

The post What does legal due diligence involve? appeared first on Franklins Solicitors.

]]> 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, [...]

The post Should I buy shares or assets? appeared first on Franklins Solicitors.

]]> 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.

The post Should I buy shares or assets? appeared first on Franklins Solicitors.

]]> 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.

The post Will I need to give personal warranties? appeared first on Franklins Solicitors.

]]> 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.

The post Will I need to give personal warranties? appeared first on Franklins Solicitors.

]]> 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, [...]

The post What are warranties and indemnities? appeared first on Franklins Solicitors.

]]> 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.

The post What are warranties and indemnities? appeared first on Franklins Solicitors.

]]>