What are some general contractual conditions/criteria buyers can consider when negotiating the purchase of a business?
If you are dealing with a crook or a con man, there is not much comfort in having a contract which says he promises not to cheat you. So you need to know who your seller is. And make sure all possible concerns you may have are addressed as conditions in the contract and alleviated before handing over your money. Use a good solicitor who specializes in business conveyancing to prepare the contract, and a reputable Accountants to conduct “Due Diligence” prior to completion.
