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What is a business transfer?
23/03/2020
The transfer of a business is an agreement for the assignment of the lease of a premises or business and tangible commercial assets (furniture, products, etc.) and intangibles (customers, brand, goodwill, etc.) in exchange of a certain price. If the premises were rented by a limited or similar company, an alternative form of transfer is the purchase of said company.
The Transfer is a legal figure, pre-existing to the Urban Leasing Law (LAU) of 1994, although at present, for new contracts, only the assignment of contract is contemplated within the lease of business premises, with or without stock existence.
