What is a Dataroom?
A Dataroom is a secure and confidential online portal that is used to hold documents and files that need to be shared with other parties in support of a business transaction.
To ensure that the information uploaded is kept confidential, these documents and files can only be accessed virtually by an invitation sent to authorised third parties. Following completion of the business transaction, the data room documents are downloaded and provided to the relevant party and the invitations are removed.
Our team at HSR Law can help you set up a user-friendly Dataroom. We will ensure that all the documents are organised and that an index is produced to record the contents of the Dataroom.
What is Due Diligence?
Due Diligence is the process of investigating and evaluating a business or assets of a business. The purpose of Due Diligence is to record the position of the Company at the time of the transaction and assess any potential risks and liabilities. It also provides the buyer or investor with the opportunity to become fully familiar with the Company before deciding whether it aligns with their objectives. Due Diligence can cover legal, financial or assets aspects of a business.
We have experience in undertaking legal due diligence in both purchases and sales. We can assist you by highlighting the key aspects, potential risks and liabilities as well as any benefits of the business.
If you are buying a business the due diligence questionnaire needs to be tailored to the business being investigated.
If you are selling a business the replies need to record everything that has been asked to limit risk and liabilities.
We will guide you through the Due Diligence process and will provide you with strategic legal advice based on the findings and information obtained.
Client Case Study
Selling a company after 38 years
and why we chose HSR Law.
Client Case Study
The share-sale of a company
to an American buyer.
Have you ever wanted to just ask a lawyer if they can help you, without worrying about what it may cost to contact them? If so, call HSR Law Solicitors and together we can work out what your next steps might be… in confidence, at no cost and with no obligation. Complete our simple form with your name and contact number and we will call you back to discuss how we can help.
Alternatively, contact Andrew, Jonathan, Clair, Kingsley or Sharnika: our Corporate and Commercial Law specialists.
Your Data Room and Due Diligence Team
Our Recent Corporate and Commercial Law News
- Shareholders and Directors: Who’s the Boss, and who’s just watching the show?
Directors are responsible for the day-to-day running of a company. Shareholders are the owners of the company, holding shares that represent their proportionate interest in the company. - Flying Solo: Can a private company have one director and one shareholder?
We would recommend a sole director and sole shareholder review their articles to ensure they are suitable. Sole directors should also consider whether it is appropriate for the needs of the company to be governed completely by one person. - Budget 2024 – Time to sell your business before 5th April 2025?
If you own a business and have decided that now you would like to exit, could you sell before the CGT rates increase? - Articles of Association of a private limited company
This article tells the cautionary tale of a shareholder who was not familiar with their articles when they became a shareholder and the difficulties this later caused. - Selling a company after 38 years and why we chose HSR Law
“The team was so professional. So there for you. It was like they’d done 38 years of business with you.” - Selling a company: a client case study
HSR Law Solicitors receive a wonderful case study review from a client that instructed us to assist with the share sale of his company to an American buyer.