What are some terms you can give to a person you are buying a business from?
PROTECTING YOURSELF IN A SALE OF A COMPANY
- If you are financing any of the sale and they default you get the entire company back at no cost.
- Any fees to enforce the sales agreement are paid by the buyer not the seller.
- USE AN ATTORNEY who is experienced with this area of law. DON’T try to save money doing it yourself if this is a sale above 50k.
