Business Broker for Internet Companies San Diego – What is a Sale and Purchase Agreement?

The final phase of a merger and acquisition involves the sale and purchase agreement. This takes place after the due diligence procedure and after the buyer has analyzed the true state of the business. Once everything is in order, it is time to map out the agreement as well as the sale price. The sale and purchase agreement is the document that formalizes into public the deed and is what is presented to the notary. A business broker for Internet companies San Diego endorses can help with the sale and purchase agreement. Don’t hesitate to ask them for any clarification.

In most cases, the sale and purchase agreement is prepared by the buyer and their legal advisors. They will prepare the first version of the agreement which will have to be approved by the seller. However, there are special exceptions in which the agreement can be prepared by you, the seller, or the business broker for Internet companies San Diego recommends. This is common when the sale process is associated with an auction. In this case, the draft will be submitted to the contestants who will return the draft with modifications and an offer.

You have to be very meticulous when preparing the sale and purchase agreement. A single paragraph or clause in the contract can lead to a failed agreement. Working with an experienced business broker or advisor will help avoid making mistakes that may cause the deal to fall through. Find someone with a proven track record in drafting contracts for businesses like yours.

While it is possible to draft the sale and purchase agreement by yourself, the work is best left to a professional. This is because creating this document is not a simple task. It is a very complex task. This is more so to what should be included in the agreement as well as the language to use. Keep in mind that the document will also have to integrate several documents including existing contracts, relationships, assets and liabilities, and so on. As a result of all the work that has to be done, most people get overwhelmed with the huge amount of pages that have to be contained in the first version.

Leaving the work to an expert is the best way to go. Find a business broker for internet companies in San Diego that has sold businesses that are similar to yours. The broker must also have experience creating sale and purchase agreements. Make sure you ask for sample sale and purchase agreements to help you get a glimpse of the work they will do for you.

Business Broker for Interne Companies San Diego

What Client’s Say

We Couldn’t Be Happier

"When we thought about selling we had no idea what our business was worth or how to go about selling. What you were able to do was to cut through the fog so that we understood the valuation issue and had a comfort level with the process. As you know we ended up selling for somewhat more than the original valuation and we got all cash and our CPA loved the way our tax liability was minimized. We couldn’t be happier!"

Over $250,000 More

"Our first contact with you shocked us when you suggested that we wait 18 months before selling because you believed that if we hit our projections that the value would be significantly greater. As it turned out we not only followed your advice but also got slightly over $250,000 more than we originally had hoped for. It is seldom that we have had the opportunity to deal with a firm that doesn’t want both money and a commitment NOW. It was clear and obvious that you had our best interests at heart."

You Got the Valuation We Agreed On

"You did a great job on the sale of our business in really beating the bushes for buyers, including a UK company that was an active suitor. You managed to get the valuation that we had all agreed upon and got it substantially all in cash and got the transaction closed with little to no problems or expensive lawyers involved."

Thank You for Handling Our Business

"Our business was smaller than what your firm normally handles but it was a BIG part of our net worth and savings. Thank you for handling our business and we were very pleased and delighted with the results."

More Than Anticipated

"Our transaction was involved as we had different corporate entities located in different states. Our only regret is that we didn’t retain your services before 2012 when we paid $25,000 to a firm in Texas that did a valuation and market analysis for us before then failing to do anything in the way of trying to sell our business. You got it sold for more than anticipated."

The Sales Process