The Role of an Attorney in a Transaction
Legal Due Diligence
A business that is preparing to sell or raise capital will go through a thorough Legal Due Diligence review. The team conducting the process will review past & current lawsuits, potential legal exposures, and all legal documents, including corporate documents, vendor & customer agreements, employment agreements, leases, loan documents, and any other agreement that obligates the company owners or employees.
The Transaction
Both the buyer or investor and the seller’s attorneys play a critical role in the transaction - and most importantly - in getting a transaction completed!
Good transaction attorneys understand that while their role is to protect their clients, the most important objective is getting the transaction completed to the satisfaction of all parties.
The attorneys will be responsible for:
● Letters of Intent
● Negotiating Representations, Indemnifications, and Warranties
● Disclosure Schedules
● Termination Clauses
● Pre-closing Covenants
● Organizational Documents
● Purchase Agreement
● Employment or Consulting Agreements
● Financing Documents
● All Other Legal Documents
If you are a business owner preparing to sell a business or take on investment capital, it will be critical to have an experienced transaction attorney on your team.
To read more about due diligence and the role of attorneys in M&A transactions, visit:
