Drafting your purchase agreement is the final step towards closing a deal. Purchase agreements are very detailed and lengthy documents that must be prepared carefully. Be sure to review the document so that it accurately represents the key points of the deal. In addition to the main idea, it is important to take an in-depth review at all the minor details. It is highly recommended that you review the documents with your lawyer and M&A intermediary.
Be sure to clearly spell out the price and what is being sold within the purchase agreement. Also decide what, if any, post-closing adjustments need to be made. A well written agreement has all of the necessary information that a potential buyer or seller needs to briefly view.
If you're looking for professional advice on selling or buying a business, contact George & Company. For nearly 40 years, our team of brokers has successfully handled hundreds of M&A transactions.