Direct Talk

Your privacy policy is not a formality and it is not optional. It is a legal commitment to your customers about how you will handle their information, and it needs to be accurate, complete, and followed consistently. Getting it right protects your customers and your business at the same time.

Privacy Policies: More Than Just Legal Jargon

A privacy policy is a statement that discloses how your business collects, uses, stores, and shares information gathered from customers and website visitors. It is not just a website checkbox. It is a binding representation about your business practices, and regulators and courts treat it that way.

Here are the mistakes we see most often with the first-time buyer of a business, and what to do instead.

Common Mistakes First-Time Buyers Make When Purchasing a North Carolina Business

Buying a business for the first time is exciting. It is also one of the most complex financial and legal transactions most people will ever undertake. The buyers who come out of it well are usually the ones who slowed down, asked the right questions, and got the right people in their corner early. The ones who struggle often move too fast, trust too much or assume.

Representations and warranties are where a significant amount of negotiation happens, and where a significant amount of post-closing disputes originate.

Representations and Warranties: Protecting Yourself in Business Sales

When a seller signs a purchase agreement, they are making binding statements about the business. Those statements form part of the foundation the buyer is relying on to close the deal and pay the purchase price. If those statements turn out to be false, the consequences can be significant. It is common for the seller’s owners to make those representations and warranties personally.

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