The role of advisers in completing the deal
All answers are for general guidance only. Each case must be handled on individual facts.
Q: What is the role of the individual advisers in the completion meeting and the process through to signing over the business?
Ideally it's to ensure as few issues as possible remain unresolved before the meeting starts in order to prevent too many concessions being granted at the last minute in desperation to get the deal done.
If necessary, negotiate any outstanding issues. Before the meeting your solicitor will have prepared and reviewed the draft contract for sale and disclosure letter and investigated the business to make sure that you know what you are buying and that you are paying a fair price.
It will also have been necessary to coordinate the funding process to make sure funds are available. The final versions of all documents will need to be checked carefully to prevent any last minute tricks or mistakes before the documents are executed.
As your solicitor, I need to ensure that all appropriate board and shareholder meetings are held properly and generally ensure that all documentation is legally binding.
When I am certain that my client's interests have been properly protected and the money released a glass of champagne can be raised in a toast to a job completed successfully!
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