Legal Question in Business Law in Ohio

Business Purchase Agreement

Where do I go to find a standard business purchase agreement -- we're working with a buyer.


Asked on 5/22/07, 12:22 pm

2 Answers from Attorneys
J. Norman Stark J. Norman Stark , Attorney, Architect

Re: Business Purchase Agreement

Dear Business person: Your attempt to use a form purchase agreement, or "do-it-yourself" attempt is a path to a disagreement, failure, or lawsuit!!!

Agreements are contracts; they must contain all of the provisions of the agreement, including resolution of all of the "what-ifs ???" that arise in transactions such as these.

The Internet may provide you with a galaxy of agreements, but that's much like affording you the use of a scalpel and a bottle of alcohol for your own brain surgery. All may go well until you cut too deeply! (Ouch!, please pardon the pun.)

I urge you to consult a knowledgable, experience Attorney to assist you; it may be the least expensive but most valuable part of your intended purchase. 'Sort of like insurance.

Good luck.

Sincerely, J. Norman Stark, Cleveland, Ohio.

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Answered on 5/25/07, 10:56 am
Edward DiCato Edward DiCato Attorney at Law

Re: Business Purchase Agreement

As far as I know there is no such thing. Different businesses have different issues to be addressed.

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Answered on 5/22/07, 11:43 pm


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