Initial Steps When Buying a Business

Once you have identified an opportunity you should be thinking about the following:

• Confidentiality/Non Disclosure Agreement if you are disclosing information about your business
• Exclusivity/lock out periods
• Cost implications/financing
• Tax advice
• Heads of terms with the seller setting out the principles agreed

When we get to this stage we have already laid the groundwork ready for the key documents to be drafted.
 

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