Business for sale? What is my responsibility?
The prospective buyer and seller has a responsibility for understanding the business for sale. Or do they? The listing agreement said... The offer said... The various amendments said... The buyer or seller says: "but does it say this?" The wise broker will say at the very most: "My interpretation of the language is this....but you should check legal and accounting counsel." In a recent transaction the seller said, "I learned in my last [...]