When entrepreneurs decide to place their business up for sale, it is essential to have experienced counsel review the plan to make certain the business owner's interests are protected. It is equally important to ensure that your interests are preserved when purchasing a business.
Key IssuesSome of the issues to be considered and addressed in connection with a business sale or acquisition transaction include the following:
Our clients have found it highly cost-effective for most or all of the foregoing issues to be addressed, in summary fashion, in a non-binding term sheet or letter of intent to be signed by the parties before substantial attorney time is devoted to negotiating and preparing definitive agreements for the transaction. This way, if our client and the other side agree on the term sheet, our client will have the comfort of having reached an agreement in principle on the general contours of the transaction before incurring significant attorneys’ fees to negotiate and prepare definitive agreements; and if the parties cannot agree on a term sheet or a letter of intent, our client is able to avoid the expense of having attorneys prepare drafts of definitive transaction documents that would ultimately be rejected by the other side.
As a Stanford Law School graduate with over 35 years of legal experience, business attorney Alan Nopar has the legal knowledge, business acumen and professionalism to provide extremely effective representation to small- and medium-sized businesses and to entrepreneurs. Alan is one of only is one of only five Bay Area attorneys selected for 2020, 2021, 2022 and 2023 to the list of Northern California Super Lawyers for Mergers & Acquisitions.
The Silicon Valley law firm of Nopar & Associates is an AV Preeminent-rated law firm* focused on business and corporate law as well as real estate law. Our comprehensive knowledge in these legal fields enables our firm to provide effective and strategic representation in matters involving the following:
Our firm negotiates and prepares purchase and sale contracts, evaluates business opportunity proposals, exposes potential risks and liabilities and facilitates closings for the purchase or sale of businesses in California.
To ensure that your rights and interests are fully protected when buying or selling a business, contact our law firm and discuss your needs with a distinguished business lawyer.