1.
Type of Business.
2.
Purchase Price/Terms.
3.
What are the tax goals of individuals involved?
4.
Seller's relationship with present clients - Are clients being
transferred to
new owner?
5.
Any Creditors?
6.
Will company's liabilities be assumed by Buyer? How will this be
handled?
7.
If clients are being transferred, how will this occur? Should procedure
be in
contract?
8.
List of all assets to be included in purchase price.
9.
Will Seller provide any professional services to the Buyer?
10.
How will employment agreements be handled (those that Seller has in
place with
employees)?
11.
Non-competition clause.
12.
Will Seller cooperate with Buyer in announcing Buyer as taking over
business?
13.
How to handle work in progress.
14.
If exceptions occur on title commitment - Seller is to clear and if
Seller
fails, that Buyer can terminate contract.
15.
Risk of loss remains with Seller until closing.
16.
If business has inventory - how will this be transferred or bought?
17.
Warranties by Seller - has power to own properties and carry on
business, no
court action pending, etc.
18.
Seller preserving relationship with clients.
19.
Seller indemnifying Buyer from any claims, etc. occurring prior to
closing.