Process & Documentation
7 articles
Heads of Terms (Letter of Intent)
A nonbinding document setting out key commercial principlesprice, structure, exclusivity, warrantiesbefore incurring heavy diligence costs. While not legally en…
Confidentiality Agreement (NDA)
Protects sensitive information disclosed during the process. Recruitment agencies should ensure the NDA covers candidate databases and client lists, and express…
Information Memorandum (IM)
A detailed sales dossier prepared by corporatefinance advisers describing market positioning, financial performance and growth strategy. A wellcrafted IM screen…
Data Room / Virtual Data Room (VDR)
A secure online repository (e.g., Datasite, Intralinks) where financials, contracts, HR and compliance documents are shared. Thoughtful indexing (commercial, le…
Due Diligence
The buyer's investigative process, encompassing financial, legal, commercial, tax and IT workstreams. Recruitmentspecific areas include AWR compliance, IR35 sta…
Sale and Purchase Agreement (SPA)
The definitive legal contract transferring shares. It sets out consideration mechanics, warranties, indemnities, restrictive covenants and disputeresolution cla…
Warranties & Indemnities
Warranties are statements of fact about the business; indemnities provide poundforpound compensation if specific liabilities crystallise (e.g., HMRC PAYE audit)…