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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