Handling acquisitions and mergers of any size requires legal expertise in many fields.
At Else Solicitors our corporate, commercial property and employment terms work together to provide a full service to companies and individuals in relation to the sale or purchase of a business. As well as preparing sale/purchase agreements and associated documentation, buyers and sellers need practical advice on a host of issues connected with HR and employment law.
Termination of Directors’ Contracts
There is no legal distinction between executive and non-executive directors. A director can be removed from office as part of a sale agreement, but it is important to consider their rights as an employee in order to address any potential issues arising out of the termination of their employment.
The employment team at Else Solicitors can provide dedicated support staff and guidance in this potentially difficult area. We are also able to represent you in any employment tribunal claim.
Transfer of Undertakings (Protection of Employment) Regulations, known as TUPE, can apply in a wide range of scenarios including mergers, sales, changes in licensee or franchisee, a business that is bequeathed through a Will, sub-contracting agreements and changes to contractors through a tendering process. Liability for existing employees can be a big expense associated with a business purchase and potential purchasers and sellers alike need to be aware of their obligations under TUPE both to the Employees and to the other party.
We can advise you in detail in respect of your liabilities and obligations under TUPE. We are recognised experts in this complex area of law. We will work in partnership with you through the process and provide practical and commercial advice to achieve your objectives.
We can advise employers on the required procedures and potential liabilities associated with making redundancies. Effective handling of the consultation process can often be key to ensuring that changes are made with as little disruption as possible. We can be on hand throughout the process, with as much or as little involvement as you need, from making the difficult decision that redundancies are required to managing the procedure, considering ways to avoid making redundancies, putting together redundancy packages and drafting settlement agreements as required.
For more detailed legal advice in relation to business sales and mergers, please contact the HR and employment team on 01283 526200, alternatively you can send us a message and one of our specialist solicitors will be in touch.