Legal due diligence questionnaire—share purchase: employment
Legal due diligence questionnaire—share purchase: employment

The following Employment precedent provides comprehensive and up to date legal information covering:

  • Legal due diligence questionnaire—share purchase: employment

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: Brexit and IP completion day—implications for employment lawyers.

Definitions

[CA 2006

  1. means the Companies Act 2006;]

[Company

  1. means [insert name of target company] Limited incorporated in England and Wales under number [insert company number];]

Director

  1. means a director of any Group Company, including a shadow or de facto director;

Employee

  1. means an employee, within the meaning of section 230(1) of ERA 1996, of any Group Company;

ERA 1996

  1. means the Employment Rights Act 1996;

[Group

  1. means the Company and each of the Subsidiaries and Group Company means any of them;]

[Subsidiaries

  1. means the subsidiaries of the Company;]

[subsidiary

  1. means [a subsidiary as defined by section 1159 of CA 2006 OR a subsidiary undertaking as defined by section 1162 of CA 2006]; ]

Contractor

  1. means any individual working in a Group Company’s business who is not an Employee or a Worker;

TUPE 2006

  1. means the Transfer of Undertakings (Protection of Employment) Regulations 2006; and

Worker

  1. means a worker, within the meaning

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