Business Sales and Purchase Agreement
Buying of selling a business? You need a contract to describe the terms of the agreement you verbally made with the buyer or seller.
If you are making an offer on a business you wish to purchase, you want to negotiate as much as you can, in your favor. You need to get it all in writing, otherwise you will have no protection, if you end up in court.
Our experienced professionals will send you a questionaire to answer many questions about the deal. Don't worry if oyu don't have all th answers yet. We can make the revisions, after you sat down with the seller and ironed out all the issues.
If you are selling your business, using the same questionnaire will help you guide the buyer through the process and make it easier and less expensive for your closing attorney to close the dea, since all aspects of the agreement have been negotiated and in writing.
You will need to dicuss issues like, how long the seller will stay on to help with the transition. Who collects accounts receivbles? What about the building lease? Is this subject to suitable financing obtained by the buyer? How much deposit upon signing this agreement by buyer and upon acceptance by seller?
Our experts will provide you with a checklist to review before signing the agreement. Our experts have save our clients Thousands of Dollars in legal fees.