Under the Transfer Of Undertakings (Protection of Employment) Regulations 2006, when the business for which they work is transferred as a going concern employees have the right to transfer their employment to the purchaser of the business.
In addition, employees in service industries can find themselves being transferred to new employers when a business loses a contract to a competitor. This is potentially a very complex area of law and it is all the more vital that business owners obtain legal advice from a specialist employment lawyer whenever they are involved in buying or selling a business.
A failure to follow the requirements of the Transfer Of Undertakings (Protection of Employment) Regulations can result in significant financial liability for the party who fails to comply with the law.
At Morecrofts, our specialist Employment Lawyers will advise you on your TUPE obligations from the outset. We will ensure all due diligence is completed prior to the business transfer, present you with estimated costs, and provide on-going advice throughout the TUPE process.
With prices starting from as little as £49 + VAT per month we are first class, cost effective solution to your HR and Employment Law needs. With a wealth of experience dealing with many different business sizes and types we will have a package that is perfect for you!
For more information about the fantastic Employment Law packages we have available for your business then please call 0800 949 9123 or fill out the online enquiry form here.
