Elliot Nathan: Safely navigating the purchase agreement 'minefield'

More than ever, professional advisory firms are making strategic plans to emerge triumphant. While previously, we have seen a focus on financial management and contingency restructuring, there has been a clear shift in priorities over the past few months; advisory firms, in particular, are looking to grow, and buying up smaller competitors is one way to do this. If the target business is a company, a popular way of facilitating such an arrangement is via a share purchase or via a business and asset purchase if the target business is an LLP, traditional partnership or even, depending on t...