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1,495 (excluding VAT and disbursements) for a business
sale
£750 (excluding VAT and disbursements)
for an asset only sale
Blake Lapthorn’ Insolvency and
Business Recovery team has launched its latest initiative, a fixed
fee sale agreement for use by insolvency practitioners on small
sales. This is in the form of a letter in plain English, which is
easily understandable by the buyer and is designed to avoid or
minimise the involvement of other solicitors in the sale. In
appropriate cases, it can save considerable time and costs and
thereby enhance the return to creditors.
The letter of sale is designed to fill the gap
between an invoice sale and a full-blown sale agreement. It can be
used for both business sales and asset sales and is particularly
effective in sales by insolvency practitioners back to the
directors of a company.
The letter of sale will be drafted by an
insolvency lawyer and will be a tailored product. It will also
contain all of the exclusion clauses and indemnities expected by
insolvency practitioners.
Further details of this innovative product can
be found by clicking
here.
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