Exiting a business requires a strategy
Selling a business is always exciting, and (usually) stressful. As a founder or owner, there is a significant amount of behind-the-scenes work you need to prepare before commencing the process. When you begin, you need to hit the ground running with all relevant documents, namely term sheets, sale contract and any other related agreement. Above all, you need to be aware of what your exit goals are, and ensure that they are reflected when negotiating your terms.
Avoid your startup’s dream turning into a nightmare
An exit strategy and the corresponding legal documents should be designed to protect you as the seller. Failure to clarify expectations and negotiate key clauses can not only bog you down, but also leave you with unreasonable risk. Long earn-out clauses, enormous and absolute warranty claims, and excessive claim caps can skew the deal heavily towards the buyer. This can leave you tied down (whether personally or financially), and feeling heavily obligated due to the looming financial risk.
You’ve earned it… Now let us help you make the most of it
It is no easy task to find a buyer for your business, and when you do; the way you go about it has enormous long-term implications for both your future, and the future of the business. Each exit is different, and turns towards the desires of the founders and buyers. UX Law are experts in preparing the right strategy based on the type of seller you are, the type of buyer you have found, how you want to exit and how you want to get paid. We’ll steer you away from unreasonable warranty and claim clauses, so that you can move on with the financial freedom and peace of mind you deserve.
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