Purchase & Sale Agreements
Purchase and Sale Agreements
Anytime a business is bought or sold, it requires attention to detail and a lot of planning. Are you purchasing/selling stock or equity interest in a business, or just the assets of the business? Is the purchase seller financed, and if so how is the seller secured? Indemnification for liabilities? Is the seller agreeing to continue on as a consultant/employee? Should there be an agreement of the seller not to compete? We will advise you on these important considerations, and ensure that your contract contains all of the terms of the deal.
Probably the most important document is the purchase agreement. This contract details every aspect of the transaction, stating all of the terms of deal, the parties’ corresponding obligations, and provides for remedies and dispute resolution mechanisms in the event of a default or breach.