Creating a Deal – what to consider when preparing to buy or sell a business.
Business transactions take on all forms, but the starting point is often the same. As a seller, you need to prepare your business for sale and then market it to potential buyers. For Buyers, you have to locate businesses for sale, or target a business which you want to purchase. Both parties need to consider from the outset how to get their deal moving forward. Preliminary discussions often do not involve a lawyer, but before discussing the logistics in detail, or before agreeing to any preliminary terms, both parties should seek legal advice. Our team of Kelowna lawyers and legal professionals assists buyers and sellers negotiate and set initial terms for key agreements such as confidentiality agreements, NDAs and a Letter of Intent. We encourage our business law clients to speak to us early in the process, and often, so that we can help them avoid sleepless nights or initial missteps that could take a deal down the wrong road right from the outset. We want our clients to be steps ahead of the process, prepared to handle twists and turns in the negotiation before they present themselves.
Contact the experienced team at Montgomery Miles & Stone Law Firm in Kelowna, BC for answers to your Business Law questions.