When you purchase a business you expect to get what the selling party warranted you would be getting.
Similarly, when you sell a business you expect certain things to happen in return, and often the main thing is payment.
Often business sale disputes concern (i) breach of the terms of payment or (ii) commercial warranty claims, whereby the contractual document of sale included warranties apportioning risk, liability and obligations between a purchaser and seller and something has gone wrong post-sale.
Where a business sale agreement is not being complied with and/or where a warranty has been breached, it is important to seek specialist legal advice in order to bring a claim for financial loss.
Our specialist team of commercial litigation lawyers can assist with warranty disputes on behalf of both claimants and defendants. We are able to provide more information on alternative dispute resolution options including mediation where applicable or to negotiate a price reduction, seek indemnity protection or facilitate the option to walk away from the deal without financial penalty.
To find out more about the legal support we can offer, please contact us.