I am business broker Featured Adviser with EXIT Promise, and I have represented business owners in selling their business to both private equity firms and competitors. Both are good prospects and some points need to be taken into account. The client is committed to providing business brokers, that its senior executives, directors, employees, representatives, representatives, lawyers, parents and associated companies are free of losses, damages, liabilities, claims or expenses, including reasonable legal fees related to these contracts or services of business brokers under this agreement, unless this is solely due to gross negligence or intentional misconduct by business brokers. 19. The seller agrees that brokers may publish, promote or distribute information about the business to potential buyers and other brokers. – I would make sure that you and he are on the same side as success for the price and conditions for your business. As a general rule, a broker will go to the market, knowing what will be the most likely selling price, and have agreed a “go to market” price with the seller. Successful entrepreneurs may wonder from time to time whether it may be time to maximize the return on the long hours and years they have invested in building their business. This could include the continuation of a sale of the business, called “cashing-out.” 17. The seller makes available to the broker, within ten (10) days of this agreement: (a) a list of all equipment and other assets to be included or excluded in the sale; (b) the company`s profit and loss accounts, balance sheets and tax returns for the past three years; (c) profit and loss account, balance sheets and cash flow accounts for the current period; (d) leasing; (e) copies of all licenses, contracts or agreements in any form; (f) all worker agreements; (h) copies of all other documents related to the activity. If you would like help negotiating a list agreement with a broker and selling your business, call us at 303-688-0944. Our business lawyers help Colorado sellers and have offices in Denver, Castle Rock and Colorado Springs.
We are dedicated to your interests in the sale of your business. 11. If an action is taken to assert the broker`s rights under that agreement, and the broker is the dominant party in that action, the seller agrees to pay the brokers the legal fees and fees incurred in connection with that action, as well as all damages awarded.