I have been preparing documents for a client who wishes to sell some businesses.
The buyer pulled out, but my client is now offering to sell for less and accept vendor finance over 3 years instead of 2.
I had earlier prepared a payment schedule spreadsheet as part of the original deal.
Then the client told me that the buyer was expecting to only pay about 80% of the figure we came up with.
In less than 5 minutes I had a new schedule with payments at the suggested rate over the course of nearly 4 years.
For business sale agreement and associated spreadsheets, see Michael Paterson & AssociatesTags: commercial documents, lawyers, Osborne Park, selling business, solicitors, Spreadsheets for Business Sale Agreements, vendor finance