Whether buying or selling a business, our Naples attorneys have years of experience
There is a lot at stake in any business transaction. Whether you are purchasing an existing business, starting a new one or even buying land to build your company from scratch, it’s a big investment and a big risk. Selling your business can be just as important. Both the buyer and the seller must take care to fully protect their rights and interests—otherwise, they may experience significant losses due to undiscovered issues within the business that can result in costly business disputes. Depending on the terms, poorly drafted purchase or sale agreements, can jeopardize your business and personal holdings.
Like any other type of contract, a purchase or sale agreement is legally binding. If one party fails to adhere to the contract, the other party generally has the right to take legal action to recover the damages from any harm the first party’s failure to perform has caused. Additionally, one party may sue the other party to force him or her to perform under the terms and conditions of the contract. It is in your interest to fully understand the implications of every single term and condition in any contract you sign. This is especially true for purchase and sales agreements where the stakes are unusually high.
The more important the investment, the more important it is to have a contract that is tailored to your unique circumstances and crafted by an experienced attorney who works with these kinds of contracts routinely. At Cardillo Keith Bonaquist, we understand the importance of good contracts and how well-executed contracts can protect you for years to come. And in the event that you are sued or have a dispute over an existing sales or purchase agreement, our trail team is ready to take on your case.
For more information on our Naples business lawyers who specialize in purchase/sales agreements and disputes, call 239-774-2229.