Business Purchase Contracts

Purchase Contracts in Arizona Business Law

Phoenix Business and Commercial Law Attorneys

The process of selling or buying a business carries many risks for both the buyer and the seller. The way in which a business purchase and sale transaction is managed often exacerbates the risk.

Often the transaction is not structured by the buyer or the seller but by a business broker who only makes money if the sale is completed. These companies may neglect or overlook important terms and conditions that could prove adverse to one of the parties.

At the Law Offices of Donald W. Hudspeth, P.C., our business lawyers work with buyers and sellers to facilitate the sale of a business, the acquisition of assets of a business, and mergers and acquisitions. Our attorneys were business owners themselves. We understand your needs and goals.

Learn more about the services we can provide. Contact our Phoenix law office to schedule a consultation.

Protecting the Interests of Buyers and Sellers

We represent clients on either side of the business transaction, ensuring our clients' interests are protected while risks are minimized and profits are maximized.

• Sellers: In addition to drafting the sales agreement, we ensure collateral documents are in order to protect your financial interests in the business should you need to repossess. This is especially important if you are carrying the note.
• Buyers: The buyer needs seller guarantees that the assets of the business exist and have been accurately described in the financial and operating statements.

Without a detailed purchase document, little protection exists for either party. Often, after a business sale, one party has buyer's or seller's remorse. Our job is to make sure it is not you.

The Process Leading Up to the Business Sale

Our attorneys work with buyers or sellers in reviewing promissory notes, financing documents, financial statements, business purchase contracts, business sale contracts, merger and acquisition agreements, and related "due diligence" information.

We assist clients with:

• Buying a business outright
• Purchasing the assets of a business while leaving the operation of the business with the owner (8 of 10 business purchases are asset acquisition)
• Arranging for the merger or acquisition of a company with the purchase of stock or establishing a holding company

Learn more about business contracts:

• Business Contract Information Center

For more information or to schedule an appointment regarding a business sale or purchase, please contact us.