Contract Clauses That Actually Protect Your Business (and the North Carolina Rules That Can Undercut Them)
This month I have been writing about risk management. Last week I wrote about liability waivers, which protect your business from claims by the customers and participants you serve. This week I want to look at the risk you take on in contracts with other businesses, where these two clauses decide who pays when something goes wrong
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.
Purchase Agreement Essentials: Key Terms You Need to Understand
The purchase agreement is the document that makes a business sale real. It is where the deal gets reduced to binding obligations, and where the negotiated details get locked in as enforceable terms. For buyers and sellers alike, understanding what should be in a purchase agreement, and what to watch out for, is essential before you sign anything.
