Acquire a Business

A closing date in a contract is a goal to work toward, but you should anticipate that it will likely be extended to a later date because the buyer, seller, and their teams need time to complete all the tasks related to closing.

What you can expect of a business lawyer when buying or exiting a business. Business lawyers manage the many tasks that need to be accomplished before closing such as: drafting and reviewing legal documents, developing negotiation strategies and negotiating the terms and conditions of the legal documents, coach/advise clients through the process, and project managing the process to get you to closing your deal.

Sellers often ask if they can get their costs and expenses (e.g., accountant's fees, attorney's fees, etc.) paid or reimbursed if the sale of their business doesn't close. The answer depends on the timing of the termination, what the legal documents say, and what's customary.

Some provisions in a letter of intent should be binding, while others should not, and the letter of intent should clearly indicate which are which.