Business Transfer
/ˈbɪznɪs ˈtrænsfɜːr/
Definitions
- (n.) The legal process by which ownership of a business or its assets is transferred from one party to another, often involving the transfer of contracts, employees, and liabilities.
The company’s business transfer was completed after the necessary regulatory approvals.
- (n.) In employment law, the transfer of a business or part of it where employees’ contracts and rights are preserved under applicable transfer regulations.
Employees are protected under the business transfer rules ensuring their contracts remain intact.
Forms
- business transfer
- business transfers
Related terms
See also
Commentary
In drafting, clarify the scope of the transfer—whether assets, contracts, or employees—to avoid ambiguity in obligations and liabilities.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.