$1.15 Million Business Sale
I had a lengthy discussion with a client who is selling his interest in 5 businesses to his business associates for $1.15 million, on 90% vendor finance, with payments of at least $48,000 per month for 2 years. We sorted out the basic terms on Monday and finished version X of the draft agreement yesterday […]
Business Agreements
People are starting to do business again. This week we received some instructions to: prepare a sale agreement for the sale of 20% of the units in a unit trust which owns a business, where the buyer is another unit trust; an option agreement in favour of the buyer to buy another 29% of the […]