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Selling Your Business, Part 2: Understand the Sale/Purchase Agreement

You’ve worked hard to create a successful business and have made the life changing decision to sell. Don’t overlook the magnitude of not only the sale agreement, but the employment, shareholder and operating agreements as well. On today’s episode the hosts will again be joined by legal expert, Michael Marhofer, Partner at Calfee, Halter & Griswold LLP to continue the discussion around the importance of putting well-documented agreements in place, beginning with the purchase agreement. On the second of this three-part legal series, we will review transaction structures, asset versus stock sale, and the various sections of the purchase agreement, their significance and meaning. For both sides of the transaction it is crucial to understand the unique segments including: Definitions, Purchase Price, Representations and Warranties, Closing Conditions, Covenants and Indemnifications. Learn more by joining this legal series on preparing your business for sale.

 

Posted by: Evolution Capital Partners Evolution Capital Partners specializes in helping entrepreneurial businesses transform their organizations by providing a foundation for growth through its process, The Five Pillars of Business Freedom(SM), leveraging the time and energy of the business owner.

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