A friend of mine wants to sell his small business. He works from home with only his wife and the odd part time person helping out. He paid ?30,000 ten years ago and wants to offer for ?35,000. It is a business where there is no freehold or leasehold interests as he works from home so just the goodwill and a very small inventory of equipment.  When he bought there was no contract just a simple exchange of letters confirming the key points. His dilemma is whether he needs to spend money with a solicitor on getting a contract drawn up or whether he can do, as he did when he bought the business, just a simple exchange of letters covering the key points. His solicitor has said it could be a ?1500 to ?2000 bill if they were involved which seems so unnecessary or is it? Ken