Seller Warranties in a Business Sale in France: What to Provide For
The protection of the buyer of a business (fonds de commerce) rests largely on the seller’s statutory and contractual warranties.
Sale of a Business in France: Creditors’ Opposition to Payment of the Price
The law gives the creditors of the seller of a business (fonds de commerce) a right to oppose payment of the price, which blocks the funds until their rights are settled.
Sale Plan (Plan de Cession): Buying a Distressed Company in France
A sale plan (plan de cession) organises the takeover of a business in difficulty in order to save the business activity and jobs. Objectives, procedure and effects explained by our lawyers.
Can You Sign an SCI Share Transfer Remotely? Electronic Signature Rules in France
This article in brief Yes, the French Civil Code (Code civil) accepts electronic writing for deeds where writing is required for validity, under the conditions of Articles 1366 and 1367.The electronic signature must rely on a reliable identification process that guarantees its link with the deed.A document that is scanned, signed by hand and sent […]
Hidden Defects After a Business Sale in France: What Remedies?
Hidden defect after buying a business (fonds de commerce): rescission action, price reduction action, two-year time limit, fraudulent misrepresentation (dol). The buyer’s remedies under the French Civil Code (Code civil).
Lawyer Fees for an SCI Share Transfer: What Does the Deed Cost?
The article in brief Four cost items are often confused: fees, registration duties, formalities costs and tax on any capital gain.Lawyers’ fees are freely set and fixed in an agreement concluded before the engagement begins.Analysing a rejected deed, drafting a new deed and taking over a matter already under way do not involve the same […]
Transfer of Undertaking in France: Must the Buyer of a Business Keep All Employees?
Does the buyer of a business (fonds de commerce) inherit the employment contracts? The automatic transfer under Article L. 1224-1 of the French Labour Code (Code du travail) and its conditions, explained.
