Strictly Business
JANUARY 25, 2024
Once the basic terms of the deal are agreed upon in a letter of intent , the buyer will want to sift through your business and legal records with a fine-tooth comb. This meticulous review of your business, from contracts to customer lists, is called due diligence. Litigation and potential litigation.
Strictly Business
JANUARY 11, 2024
Due diligence is the buyer’s process of discovering and evaluating information about a seller’s business to confirm that acquiring the seller’s equity or assets is a sound investment. However, the process of conducting due diligence differs between transactions for a variety of reasons.
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Strictly Business
NOVEMBER 2, 2023
Initial Due Diligence After an NDA is signed, the parties typically begin sharing information so that the buyer can determine if it wants to make an offer for the business. At this stage, high-level information is shared, such as financial statements and other key information about the business.
Strictly Business
FEBRUARY 12, 2024
The purchase agreement is typically drafted by the buyer’s counsel after the letter of intent has been signed and the buyer has done enough due diligence to feel confident that it wants to pursue the transaction. The information presented should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.
Strictly Business
DECEMBER 21, 2023
Generally, an LOI will not be drafted until the buyer has conducted enough preliminary due diligence to give it a high degree of confidence that it wants to pursue the transaction. approvals, financing, tax clearances, diligence); Summary of Representations and Warranties to be included; Summary of Indemnification (i.e.
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