There is a reason that corporate lawyers often ask for input from their employment law colleagues when a business is in the process of being sold. The issue of what happens to employees upon the sale of a company can be highly complex and depends on the nature of the sale.

If a business is sold and the new owner keeps the employees, have they entered into a new contract of employment? This is a question that we are asked all the time and the answer, as it often is, is that “it depends”. The primary factor in the analysis will be the nature of the sale; was it a share purchase or an asset purchase.

You have submitted your job application. Gone through the interview process. Waited eagerly to hear back from your potential employer. And now, you have finally received your job offer! Surely, you must be ecstatic, especially if it’s a job you really want. It will be very easy to simply accept the offer and move on with your life.So, now what?