Following the completion of an asset sale, there are certain matters that a seller has to deal with, including the following:
- ensure all documents transferring title to the assets being sold have been completed and sent to the buyer, for example, assignments of intellectual property and domain name transfers;
- where completion accounts are being used, these will need to be prepared (if the seller is obliged to prepare them) and agreed;
- liaison with the buyer in relation to the assignment and novation of contracts with customers and suppliers; and
- have a 100 day step plan - a practical step plan to integrate the business and to maximise opportunities.