Do I need the consent of third parties to the trading contracts in order to take over the contracts?

A: Some contracts do require the consent of third parties for them to be assigned or transferred to a purchaser, such as leases, hire purchase contracts and distribution agencies. Consent can be obtained from the third parties involved either running up to completion or after completion. If consent is being sought after completion, the purchaser will be dealing with the contract as trustee for the sellers until such time as consent is obtained