Making a Deal – considering the initial terms and letting a buyer see your confidential details.
As initial discussions between seller and buyer move forward, the parties must discuss what type of documents they will require before getting into full disclosure of the seller’s confidential business information. Proper legal documentation becomes crucial at this point. Our team of business lawyers can quickly and effectively prepare the necessary confidentiality agreement, non-disclosure agreement followed by a letter of intent which set out such details as purchase price, due diligence required/permitted, deadlines for due diligence, if the transaction is an asset sale or a share sale, and such further details as the parties deem essential to the transaction. Moving forward with a strong legal foundation in these preliminary documents sets the stage for a smoother completion process, and our combined effort with our client helps to reduce the potential for any unforeseen problems in the transaction’s later stages.
Contact the experienced team at Montgomery Miles & Stone Law Firm in Kelowna, BC for answers to your Business Law questions.