1.   If the vendor is part of a group it is also necessary to determine which companies in the group own the assets used in the business.

2.   This really applies only where the vendor is a company owned by individuals.

3.   The vendor should be encouraged to consider the practical consequences or even the many reliefs that may be available.

4.   If the vendor is adamant that it be retained, it is better for all concerned that the deadlock be established early.

5.   The vendor will be unwilling to allow the purchaser to manage the business in case completion never takes place.

6.   The vendor is likely to have disclosed its articles as part of its disclosures against the warranties.

7.   Equally, if the vendor is part of a group, the purchaser should check the articles of association of each parent company and the ultimate holding company.

8.   Similarly, considerable thought must be given to cross default provisions if the vendor is part of a group of companies.

9.   Ultimately the price is quite simply that which the purchaser is prepared to pay for the particular business and which the vendor is prepared to accept.