Legal due diligence information request: asset purchases (long form)

by Practical Law Corporate

A standard document containing a detailed set of long form legal due diligence enquiries for use in the context of a UK business and asset purchase transaction. This information request is designed to assist with a thorough legal review of a target business being acquired as a going concern. It covers a wide range of areas, including the seller's corporate structure, material commercial contracts and business assets such as real property, intellectual property (IP), and IT systems. The enquiries also address employment matters, including the application of the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE), pensions matters and data protection compliance under the UK GDPR. This document also addresses key regulatory and compliance topics, including competition law, environmental issues, and issues arising under the Economic Crime and Corporate Transparency Act 2023 (ECCTA). The responses gathered are intended to assist a buyer to assess legal risks and inform the drafting of the asset purchase agreement.