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Avoiding Traps In The Agreement Of Sale

In: Business Exit Strategies Family-Owned and Other Business

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  • Frederick D Lipman

Abstract

An agreement of sale for a business is a complicated legal document. One may argue that there are so many conditions on the buyer’s obligations in a typical agreement of sale that the agreement is nothing more than an option in favor of the buyer. This would dictate that owners should not enter into the actual agreement of sale until the buyer is ready to close to avoid taking the business off of the market…

Suggested Citation

  • Frederick D Lipman, 2018. "Avoiding Traps In The Agreement Of Sale," World Scientific Book Chapters, in: Business Exit Strategies Family-Owned and Other Business, chapter 7, pages 57-76, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813233225_0007
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    More about this item

    Keywords

    Exit Strategies; Family Business; ESOP; Going Public; Leveraged Recapitalization;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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