When it comes to the purchase and sale of a business, the devil really is in the details. If you’re a party to this type of transaction, you need a well-drafted agreement to protect your interests. At Donald R. Fuller, Jr., PLLC, I take a hands-on approach to understand your business, the conditions of the transaction and your objectives, so that your needs and objectives are covered. As a Hickory, North Carolina business law attorney, I am experienced in negotiating and drafting effective purchase and sale agreements for a diverse group of area businesses.
Various types of purchase and sale agreements exist, so it is important to find an attorney who is cognizant of different business transactions and who can adapt quickly if terms change during the negotiation process. Your situation might involve the merger and acquisition of one entity into another or the transfer of ownership of a closely-held business owned by a single individual, a family or a small group of partners. To create a valid agreement, the parties must agree on the essential terms of the transaction, including the consideration provided by each side. A purchase and sale agreement binds both sellers and purchasers to the transfer of the business and puts in writing the essential details of the transaction. Both parties benefit from having a well-drafted, enforceable agreement that clearly spells out each side’s rights and obligations. I use my legal knowledge and decades of experience as a Hickory business attorney negotiating, analyzing and drafting purchase and sale agreements to form an agreement that meets my clients’ needs, while minimizing the grounds for legitimate misunderstanding.
Each business has its own specific requirements that I take into account in the agreements I handle. For example:
Regardless of the type of business involved and whether you are the seller or purchaser, I will always have your back.
The purchase and sales agreement typically includes such important provisions as:
The agreement may be signed either in person or by electronic signature and full payment is typically provided upon execution. Whether I draft the agreement myself or review and revise one drafted by the other attorney, I work hard to protect my clients’ interests.