Customer / Supplier Contracts

After the purchase of a business or company, you may be liable for the contracts from customers and suppliers. These could range from IT hosting facilities, to customers’ annual contracts. They could be vital to retain equity and cash flow, or, they could be costly obligations which legally must be upheld by the new owners.

It is important to conduct due diligence regarding contracts to allow you to make an informed decision regarding any possible corporate acquisition. Our solicitors will closely analyse the following:

• What is being provided to the business?
• How much does it cost?
• When are payments due?
• When does the agreement end?
• Can you end the agreement early and switch to other suppliers?
• The consequences of modifying or terminating contracts

Thorough investigation of the current contracts will also reveal whether monies are owed to the business and the possibility of collecting outstanding payments. Business Lawyers Direct is also happy to work with you on a longer-term basis to reassess where money could be saved regarding company contracts further down the line.

Contact Business Lawyers

We have helped countless companies throughout the process of buying and selling a business, and undertaken efficient due diligence in every case, investigating all avenues in the business.

Contact the team and speak to an expert solicitor today on 0333 777 8003 or get in touch via our online enquiry form.