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A ROADMAP TO SUCCESS

LEGAL ASPECTS OF BUYING OR SELLING A REP FIRM

EDITORIAL

This second part of a two-part series is intended to provide a summary roadmap of the issues, steps, and mechanics involved in the purchase and sale of a sales representative agency. Last month, in the first segment, we discussed the letter of intent, confidentiality, due diligence, structuring a transaction and valuing the business. This second segment deals with the preparation of written agreements, covenants not to compete, consulting arrangements, third-party consents, the closing, and some final tips.

Preparing Written Agreements

Once the business deal has been made, someone has to put it in writing. The sophisticated buyer will ...

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