Mergers and acquisitions are often described as milestones. In practice, they are periods of sustained decision-making, where timing, structure, and judgment matter as much as valuation.
Whether buying, selling, or merging, the legal process plays a central role in how smoothly a transaction unfolds and how well it holds up afterward.
Our role is to help clients navigate these moments with clarity, preparation, and steady execution.
Mergers & Acquisitions
We approach mergers and acquisitions as structured processes rather than isolated legal events.
That means helping clients:
- understand how legal terms align with commercial objectives
- anticipate points of friction before they stall momentum
- and make informed trade-offs with a clear view of risk and outcome
Rather than overwhelming clients with volume, we focus on what matters most at each stage of the transaction, and when it matters.

What mattered most was having a clear view of the risks and trade-offs before decisions were locked in.
Where M&A Complexity Really Lives
Most M&A challenges don’t arise from the headline terms.
They surface in the details, representations, covenants, closing conditions, and post-closing obligations that shape risk long after the deal is signed.
For founders and management teams, these details often compete with ongoing operational responsibilities. For buyers and investors, they influence confidence, timing, and negotiation posture.
Without structure, transactions can become reactive.
With the right legal guidance, they remain controlled and purposeful.
What This Looks Like in Practice
We support clients across the full lifecycle of transactions, including:
- Acquisitions and divestitures
- Founder-led exits
- Strategic mergers and restructurings
- Asset purchases and share transactions
- Transaction support alongside financial and tax advisors
While no two transactions are the same, our approach remains consistent: clarity, preparation, and disciplined execution.
An M&A transaction doesn’t end at closing.
The legal decisions made along the way influence integration, governance, liability, and future flexibility.
Thoughtful legal guidance during the transaction phase helps ensure that the deal works not only on paper, but in practice.
Common Challenges We Help Navigate
Clients often come to us facing questions such as:
- How much risk is embedded in the current structure?
- What issues are likely to surface during diligence?
- Which points are negotiable — and which are not?
- How do we keep the process moving without sacrificing protection?
These questions are rarely theoretical. Addressing them early can preserve leverage, reduce stress, and prevent last-minute surprises.
How We Work With Clients During Transactions
We work closely with founders, executives, and deal teams throughout the transaction process — from early planning through closing and beyond.
Our role is not only to manage documentation, but to provide judgment at key moments: when to push, when to pause, and when to reframe an issue to keep the deal on track.
That continuity helps transactions move forward with fewer disruptions and clearer expectations.
What we help with
- Buying a business, from the first approach and valuation discussions to closing.
- Selling a business, including preparation, responding to diligence and negotiating the agreement.
- Structuring the deal as an asset purchase or a share purchase, alongside your tax advisors.
- Letters of intent and term sheets, and which of their terms bind you.
- Due diligence, from document requests to resolving the issues it surfaces.
- Purchase agreements, including representations, warranties, indemnities and closing conditions.
When clients usually call
- Before signing a letter of intent
- When an unsolicited buyer makes an approach
- Before starting a sale process, to get the company ready
- When diligence requests start arriving
How working with us works
- A call with David Moon to understand where things stand and what is coming next.
- A clear scope for the work, agreed in an engagement letter before anything starts.
- Support through closing, coordinating with accountants, tax advisors and the other side’s counsel.
Frequently asked questions
What is the difference between an asset purchase and a share purchase?
In a share purchase, the buyer acquires the shares of the company, which keeps all of its assets and liabilities. In an asset purchase, the buyer picks specific assets and usually leaves most liabilities behind. Tax, contracts that need consent, and liability exposure usually drive the choice.
Is a letter of intent binding?
Usually only in part. Most letters of intent state that the deal terms are not binding, while confidentiality, exclusivity and cost provisions are. The wording decides it, so it is worth reviewing before signing, since the letter shapes the negotiation that follows.
How long does it take to sell a business?
It varies widely with the size of the deal, what diligence turns up, and whether third-party consents are needed. Preparation before going to market, such as clean records, clear ownership and organized contracts, is usually what keeps a sale on schedule.
What do buyers look at in due diligence?
Typically corporate records and share ownership, material contracts and whether they can be assigned, employment arrangements, intellectual property ownership, financial statements, tax filings, and any disputes. Gaps found in diligence often become price reductions or extra protections for the buyer.
When should I involve a lawyer in a sale?
Ideally before the letter of intent is signed, since that is when key terms such as price structure, exclusivity and timing are set. Earlier involvement also leaves time to fix issues a buyer would otherwise find in diligence.
Related reading
- InsightCase study: preparing a founder-led business for saleGetting ready before a buyer's diligence.
- InsightWhat investors look at before they investPreparing for investor due diligence.
- Practice areaCorporate strategy, exit & succession
- Practice areaCorporate & commercial law
- Practice areaSecurities law

