Essential Considerations for Sale of Business Contract Reviews
I’m in the process of getting my business ready for sale, and I’ve started to look into the contracts involved. Honestly, all the legal jargon is pretty daunting. The last time I dealt with a contract, I ended up missing some key terms that caused issues later on. What are the essential considerations I should be aware of when reviewing the sale of a business contract? Any advice or personal stories would be super helpful!
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I totally understand where you’re coming from! When I sold my last business, I focused heavily on understanding the clauses related to liabilities and warranties. It’s crucial to know what you're agreeing to in terms of responsibilities after the sale. Also, don’t overlook how the sales price is structured—there can be payment plans or performance-based terms. If you decide to consult someone, hiring a fixed fee lawyer Australia really helped me manage costs and avoid surprises. They made the process way less stressful!