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Business transfers (TUPE)
If your business is acquired by another business by asset transfer (effectively, buying a business as a going concern), the Transfer of an Undertaking Protection of Employment Regulations (TUPE) may apply.
Under TUPE, the contracts of employment of those employees assigned to the business, or the part of it which has transferred, will transfer to the new buyer but on their existing terms and conditions (excluding those relating to occupational pension schemes). Generally, the buyer will also inherit all related liabilities of the seller, following the transfer.
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