This is intended to help outline the general process of buying a business, explaining the legal aspects of how a business lawyer can assist in a business purchase transaction (it is not intended to be construed as legal advice for your particular situation). Basically, in these 2 videos, I try to help you identify what steps are involved in buying a business and what issues should be considered.
Part 2 of the video covers some typical terms and other items addressed in a term sheet:
- Transfer Issues
- Covenant not to Compete
- Non-binding Nature of the Term Sheet
- Post-Closing Buyer and Seller Obligations
- Which is better — an asset purchase or a stock purchase of a company?
Find out more about how we can help you here.