Small business sales header

Small business sales: warranties, indemnities, disclosures and due diligence

Speaker: Martin Tomsett MA, solicitor and notary public, consultant to Hampshire solicitors Blake Lapthorn Linnell incorporating White & Bowker Solicitors


Date: May 11 2006 6-7pm (1 hour CPD)
Level: intermediate/updating

AIMS
To review from a practical perspective the commercial and legal issues (including the impact of recent case law) when drafting and negotiating warranties, disclosures and indemnities in relation to the sale and purchase of businesses and assets and to look at the due diligence process.

Martin Tomsett
Martin Tomsett qualified as a solicitor in 1975 and as a notary public in 1992. He is now a consultant to Hampshire solicitors White & Bowker where, as a partner until early 2005, he led the corporate and commercial and corporate recovery groups. Martin has considerable practical experience both of business and share sales and purchases and of non-contentious insolvency. He lectures regularly on these and other commercial topics.


SUITABLE FOR

*Solicitors, Trainee Solicitors & Legal Executives

*Barristers (New Practitioners/Established Practitioners Programme - other CPD activity courses)

*Accountants (if members of the ICAEW consider that any of our courses qualify as structured CPE within the Institute's guidelines they may count the number of hours X 3 towards meeting their CPE point requirements.)

OUTCOMES
Practitioners will appreciate the need to clarify instructions and how to set about managing risk when negotiating warranties and agreeing disclosures.

AGENDA

• the extent of legal due diligence
• other due diligence - who does what?
• reporting to the client
• balancing the risk 1 - the purpose and extent of warranties
• balancing the risk 2 - the purpose and extent of disclosures
• drafting the disclosure letter - the impact of general and specific disclosures