An asset purchase looks simpler than buying shares. You pick what you want. What you do not take, you do not inherit.
In practice it is the more intricate document. Every asset has to be identified and transferred by its own method. Every contract needs the counterparty's consent to move. Employees have their own statutory position. Licences and permits may not transfer at all.
Miss one and the buyer completes without the thing that made the business worth buying — the lease on the premises, the licence to operate, the contract with the largest customer.
Business and Asset Purchase Agreement
An agreement transferring a business as a going concern rather than the company that owns it — identifying the assets, contracts, goodwill, stock and employees transferring, allocating the consideration, dealing with third-party consents, and specifying which liabilities remain with the seller.
Your Vision, Backed by the Right Legal Support
You build the business. We help you protect it.
Imagine a completion where every asset is scheduled, every consent obtained, employees dealt with properly and licences addressed before the date. The buyer opens for business the next morning with everything they paid for.
Who this service is for
This Is For You If…
Buyers acquiring a business, branch or division rather than a company
Sellers disposing of part of a business while keeping the entity
Clinics, outlets and operating businesses changing hands
Groups moving a business between entities
Buyers who want the trade but not the history
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What we will do for you
This is what we will do for you
<ul><li>Advise on whether an asset purchase or a share purchase serves you better</li><li>Schedule every asset, contract, licence and employee transferring</li><li>Identify the third-party consents required and manage the process of obtaining them</li><li>Allocate consideration across the assets and advise on stamp duty treatment</li><li>Deal with employees, and run completion and the transfer formalities</li></ul>
What’s Included
What’s Included in our service for you
Structuring advice comparing asset and share purchase
Full schedule of assets, contracts, licences and employees
Third-party consent identification and management
Drafted business and asset purchase agreement with consideration allocation
Employee handling, completion and transfer formalities
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Why Choose Legal That Works?
Why Choose Us To Assist You?
Digital-first
No office visit required—review and sign online
Transparent fees
Fixed price, no billing surprises
Deep experience
Various contracts across industries
Accessible
Our client portal keeps you informed
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We've Helped
You Need To Act Now
Important: Limited Slots
A consent that is not obtained before completion is a consent the counterparty can price afterwards, once they know the deal has already happened.
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Nothing to Lose. Everything to Protect.
No Surprises. No Guesswork. Just Legal That Works.
Before anything starts, we speak with you to understand your business and make sure the service is the right fit. If it is not, we will say so upfront. No pressure. No wasted time. We only take on matters we are confident we can deliver with quality. That is why business owners trust us to get it right.
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Frequently Asked Questions
What is Legal That Works?
Legal That Works is a digital-first legal service designed by ASCO LAW (Messrs Akmal Saufi & Co) specifically for business owners and founders. We help you structure, grow, and protect your business through practical legal solutions—delivered fast, in plain English & Bahasa Malaysia, and with no office visit required.
What if I’m not sure what legal service I need?
No problem. Most business owners aren’t legal experts! Just reach out. Our team will guide you to the right service or help you understand your options—without jargon or upselling.
Which is better, asset or share purchase?
It depends on the liabilities, the tax position and how many consents are needed. Buyers often prefer assets, sellers often prefer shares, and the answer is deal-specific.
What happens to the employees?
They have statutory protections that cannot be contracted away. We will advise on the correct process and the cost of getting it wrong.
Do all the contracts transfer automatically?
No. Most require the counterparty's consent or a formal novation. Identifying which ones matter is a large part of this work.
How is stamp duty assessed?
It depends on the assets and how consideration is allocated across them. Allocation is a commercial decision with tax consequences, so it is worth planning.
What about licences and permits?
Many are not transferable and the buyer must apply afresh. We will identify these early because they often drive the completion timeline.
Are your services affordable?
Our transparent fee structure means no billing surprises. Membership unlocks the best rates, but even one-off services are designed to be clear and competitive. You’ll always know what you pay.
Who will be helping me?
All our services are delivered by our licensed lawyers under the Malaysian Bar with proven experience across industries. You’ll work with a real legal team, not chatbots or generic customer support.
Is everything done online?
Yes. Our service is fully digital. You can consult, review documents, sign agreements, and access your files securely from anywhere. No office visit required unless you want to meet in person. No office visit is required. If you require us to attend at your office or outside meetings, additional charges will apply.
What’s the difference between One-Off Service and Membership?
(1) One-Off Service: Pay for what you need, when you need it. Perfect for single transactions or urgent matters (2) Membership: Subscribe for ongoing access, priority support, and special pricing. Membership means you get a legal partner who truly understands your business.
