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, partnership and operating agreements as well. On today’s episode the hosts will be joined by legal expert, Michael Marhofer, Partner at Calfee, Halter & Griswold LLP to discuss the importance of putting well-documented agreements in place, beginning with the sale or purchase agreement. It outlines the terms of the sale to avoid misunderstanding now and in the future. On the first of this three-part series, Mr. Marhofer will review the types of sale, asset versus ownership, and the various sections of the purchase agreement, their significance and meaning. For both sides of the transaction, it is crucial to understand the details (Definitions, Representations and Warranties, Indemnifications, etc…) to be able to negotiate. Learn more during this legal series on preparing your business for sale.
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