Corporate
Buying or selling a business
Clarify the deal structure, assets, liabilities, information and timetable.
Business
Clarify the deal, responsibilities, information, risks and timetable before documents become the only focus.
Commercial decisions
A contract or acquisition is not an isolated document. It sits inside an operating model, cash flow, customer promise, supply chain and decision-making structure.
A useful first brief explains the parties, objective, value exchange, existing commitments, key dependencies and what must happen if performance falls short.
Business services
Property and employment questions often sit alongside the core commercial work.
Corporate
Clarify the deal structure, assets, liabilities, information and timetable.
Commercial
Start with the operational deal, responsibilities and consequences of failure.
Connected workstreams
A business sale may involve corporate structure, property, employees, data, intellectual property, finance and tax advice. A new commercial contract may also affect insurance, operational procedures and existing customer or supplier commitments.
Identify specialist dependencies early so the project plan and responsibility matrix are realistic.
Choosing support
Before instructing a provider, ask how work will be staffed, which assumptions sit behind the estimate, which specialist advice is outside scope and how material decisions will be escalated.
A clear written engagement should distinguish legal work from financial, tax, valuation, technical or investment advice.
Questions to clarify
These answers are general orientation for England and Wales, not advice on a particular matter.
Commercial objectives often begin before formal instructions, but early legal input can help identify structure, risk and due-diligence issues before positions harden.
No template can confirm that terms match a particular operation, bargaining position, law or risk. The real transaction and intended use must be understood.
It should not be assumed. Legal, accounting and tax work may overlap, but scope and responsibility should be agreed expressly with the appropriate advisers.
Prepare the first conversation
Collect the people, dates, documents and practical outcome before contacting a regulated legal provider. Do not include confidential information in this prototype.