Purchasing a new pharmacy provides the opportunity to relaunch a business in new premises. There are also associated risks, as works may be defective or not completed on time.
To overcome such risks, pharmacy contractors should:
Purchase agreements of this type can be highly complex and legal advice should be sought as early as possible to protect a contractor’s position.
The above is a general overview and we recommend that independent legal advice is sought for your specific concerns.
Michelle Noble is a solicitor and associate in the pharmacy property transactions team at Charles Russell Speechlys LLP.