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10 Things About Buying a Business

By: Trevor Brewer

After agreeing in principal to buy the business (through a Letter of Intent, Term Sheet, or handshake), buyer and seller must decide on what comes next.  Seller might favor negotiating and signing the purchase agreement, followed by a period of due diligence investigation, followed by closing.  Buyer would probably prefer to take care of the due diligence first, and then “sign and close.”

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