[Investment] Contract Drafting and Legal Review

Law firm Veat received a commission from global blockchain consulting company A and drafted and reviewed the sales transfer agreement.

Client A requested the drafting of a sales transfer agreement regarding the content of expanding its business.

Law firm Veat concretized the subject matter of the sales transfer and provided individual transfer procedures, taking into account the fact that multiple investors existed for the client’s assets, guiding the client on matters such as investor consent.

Given that the assets subject to the sales transfer included financial assets, licenses, and corporate vehicles, as per the Commercial Act, Law firm Veat guided the client on procedures such as name transfer and contract succession.

As the sales transfer is subject to restrictions under the Commercial Act, if there are no other agreements, the transferor is prohibited from engaging in similar business operations in special cities, provincial cities, cities, and counties for 10 years, and at the agreed-upon time, within 20 years, within the scope that does not exceed 20 years, only in special cities, cities, and counties adjacent to the same special cities, provincial cities, cities, and counties. Therefore, please discuss the scope and size of the sales transfer agreement, as well as various sales transfer conditions such as M&A, with experienced lawyers who have expertise in M&A.

Law firm Veat possesses abundant experience in various M&A cases, including business/sales transfer, and is recognized as a leading M&A legal advisory firm, having ranked in the TOP5 of the ‘2022 Annual Bloomberg M&A League Table’ and as a ‘Finalist’ in the ‘Korea Deal Firm’ category for two consecutive years in the ‘ALB Korea Award 2022’.

If you require differentiated legal advice related to business/sales transfer or M&A, please contact Law firm Veat as indicated below.

Thank you.

Law firm Veat